Lennar Corporation $LEN Holdings Lifted by Inspire Investing LLC

Inspire Investing LLC grew its holdings in shares of Lennar Corporation (NYSE:LEN) by 44.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,732 shares of the construction company’s stock after buying an additional 843 shares during the period. Inspire Investing LLC’s holdings in Lennar were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new position in Lennar during the 4th quarter valued at about $30,000. Opal Wealth Advisors LLC bought a new stake in Lennar during the first quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in Lennar in the first quarter worth approximately $33,000. Franchise Capital Ltd acquired a new stake in Lennar in the first quarter worth approximately $38,000. Finally, Disciplina Capital Management LLC increased its position in shares of Lennar by 179.8% during the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares during the period. 81.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LEN. Bank of America cut their price target on shares of Lennar from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, June 18th. UBS Group cut their target price on shares of Lennar from $164.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, June 18th. Barclays decreased their price target on shares of Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company raised their price objective on Lennar from $110.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Zacks Research raised Lennar from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $130.77.

Lennar Price Performance

Shares of NYSE:LEN opened at $132.92 on Thursday. The company’s fifty day moving average is $125.38 and its two-hundred day moving average is $115.87. The company has a market cap of $34.43 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 5.68 and a beta of 1.33. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $193.80. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same period in the previous year, the firm posted $3.45 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Profile

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.