Raymond James & Associates Has $19.26 Million Holdings in Lennar Co. (NYSE:LEN)

Raymond James & Associates raised its holdings in shares of Lennar Co. (NYSE:LENGet Rating) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,361 shares of the construction company’s stock after purchasing an additional 4,872 shares during the period. Raymond James & Associates owned 0.09% of Lennar worth $19,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LEN. Adirondack Trust Co. acquired a new position in Lennar during the 2nd quarter valued at about $28,000. ACG Wealth acquired a new stake in shares of Lennar in the 2nd quarter valued at approximately $28,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Lennar in the 2nd quarter valued at approximately $28,000. Tyler Stone Wealth Management raised its position in shares of Lennar by 92.9% in the 2nd quarter. Tyler Stone Wealth Management now owns 407 shares of the construction company’s stock valued at $29,000 after acquiring an additional 196 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Lennar in the 3rd quarter valued at approximately $30,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of LEN opened at $95.66 on Friday. The stock has a market capitalization of $27.85 billion, a P/E ratio of 6.07, a P/E/G ratio of 10.19 and a beta of 1.38. Lennar Co. has a twelve month low of $62.54 and a twelve month high of $112.50. The company has a 50 day moving average of $87.43 and a 200-day moving average of $81.77. The company has a quick ratio of 1.48, a current ratio of 7.46 and a debt-to-equity ratio of 0.17.

Lennar (NYSE:LENGet Rating) last released its earnings results on Wednesday, December 14th. The construction company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.10. Lennar had a net margin of 13.70% and a return on equity of 22.87%. The business had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $10.24 billion. As a group, equities research analysts forecast that Lennar Co. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Lennar in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. BTIG Research raised their target price on shares of Lennar from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Raymond James downgraded shares of Lennar from an “outperform” rating to a “market perform” rating in a report on Friday, October 21st. KeyCorp raised their target price on shares of Lennar from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, December 16th. Finally, Citigroup raised their target price on shares of Lennar from $103.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.40.

Lennar Company Profile

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Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

Further Reading

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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