AE Wealth Management LLC Has $2.13 Million Stake in Lennar Co. (NYSE:LEN)

AE Wealth Management LLC grew its holdings in shares of Lennar Co. (NYSE:LENGet Rating) by 18.0% in the 3rd quarter, Holdings Channel reports. The fund owned 28,598 shares of the construction company’s stock after buying an additional 4,365 shares during the period. AE Wealth Management LLC’s holdings in Lennar were worth $2,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LEN. Adirondack Trust Co. acquired a new position in shares of Lennar in the second quarter valued at approximately $28,000. ACG Wealth acquired a new position in shares of Lennar in the second quarter valued at approximately $28,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of Lennar in the second quarter valued at approximately $28,000. Tyler Stone Wealth Management increased its stake in shares of Lennar by 92.9% in the second quarter. Tyler Stone Wealth Management now owns 407 shares of the construction company’s stock valued at $29,000 after buying an additional 196 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Lennar in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Lennar Price Performance

Shares of LEN opened at $95.66 on Monday. Lennar Co. has a 12-month low of $62.54 and a 12-month high of $112.50. The business’s fifty day moving average is $87.43 and its 200 day moving average is $81.87. The company has a quick ratio of 1.48, a current ratio of 7.46 and a debt-to-equity ratio of 0.17. The stock has a market cap of $27.85 billion, a P/E ratio of 6.07, a P/E/G ratio of 10.39 and a beta of 1.38.

Lennar (NYSE:LENGet Rating) last issued its earnings results on Wednesday, December 14th. The construction company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.92 by $0.10. Lennar had a return on equity of 22.87% and a net margin of 13.70%. The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Sell-side analysts anticipate that Lennar Co. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com began coverage on Lennar in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. BTIG Research upped their target price on Lennar from $92.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, December 6th. JMP Securities reduced their target price on Lennar from $130.00 to $115.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 4th. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a report on Friday, October 21st. Finally, Citigroup upped their target price on Lennar from $103.00 to $113.00 and gave the company a “buy” rating in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average target price of $100.40.

About Lennar

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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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