Lennar (NYSE:LEN) was upgraded by stock analysts at Mizuho from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat.com reports.

LEN has been the topic of several other research reports. UBS Group started coverage on shares of Lennar in a report on Wednesday, October 25th. They issued a “buy” rating on the stock. Wedbush lifted their price target on shares of Lennar from $54.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Zacks Investment Research upgraded shares of Lennar from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Tuesday. MKM Partners upgraded shares of Lennar from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Wednesday, October 4th. Finally, Bank of America boosted their target price on shares of Lennar from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Lennar has an average rating of “Buy” and a consensus price target of $63.93.

Lennar (NYSE:LEN) traded up $1.28 during trading hours on Thursday, reaching $71.82. 3,647,437 shares of the company traded hands, compared to its average volume of 3,589,748. The company has a market capitalization of $16,595.24, a PE ratio of 21.00, a P/E/G ratio of 1.03 and a beta of 1.35. Lennar has a twelve month low of $42.75 and a twelve month high of $72.07. The company has a current ratio of 7.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.21). The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.22%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. analysts predict that Lennar will post 5.28 earnings per share for the current fiscal year.

In other news, CFO Bruce E. Gross sold 1,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $72.00, for a total transaction of $72,000.00. Following the sale, the chief financial officer now owns 356,043 shares in the company, valued at approximately $25,635,096. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bruce E. Gross sold 5,000 shares of Lennar stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,000 shares of company stock worth $11,744,050. Company insiders own 12.18% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Addison Capital Co purchased a new position in shares of Lennar in the 4th quarter worth about $450,000. Oakbrook Investments LLC raised its position in shares of Lennar by 54.9% in the 4th quarter. Oakbrook Investments LLC now owns 13,690 shares of the construction company’s stock worth $866,000 after purchasing an additional 4,850 shares during the last quarter. Charter Trust Co. purchased a new position in shares of Lennar in the 4th quarter worth about $586,000. Atria Investments LLC raised its position in shares of Lennar by 23.7% in the 4th quarter. Atria Investments LLC now owns 25,511 shares of the construction company’s stock worth $1,613,000 after purchasing an additional 4,883 shares during the last quarter. Finally, Starfire Investment Advisers Inc. purchased a new position in shares of Lennar in the 4th quarter worth about $423,000. 81.25% of the stock is owned by hedge funds and other institutional investors.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar (NYSE:LEN)

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