Ascent Group LLC Takes $1.35 Million Position in Lennar Corporation $LEN

Ascent Group LLC acquired a new position in shares of Lennar Corporation (NYSE:LEN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,717 shares of the construction company’s stock, valued at approximately $1,351,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after purchasing an additional 377 shares during the last quarter. Quarry LP boosted its stake in Lennar by 185.5% during the 1st quarter. Quarry LP now owns 711 shares of the construction company’s stock valued at $82,000 after purchasing an additional 462 shares during the period. EP Wealth Advisors LLC grew its holdings in Lennar by 2.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company’s stock valued at $549,000 after buying an additional 107 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in Lennar by 51.1% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 44,018 shares of the construction company’s stock worth $5,054,000 after buying an additional 14,883 shares during the period. Finally, Eminence Capital LP lifted its holdings in shares of Lennar by 130.8% during the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company’s stock worth $181,523,000 after buying an additional 896,264 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LEN. Citigroup reaffirmed an “outperform” rating on shares of Lennar in a research report on Monday, September 22nd. The Goldman Sachs Group restated a “neutral” rating and set a $120.00 price objective on shares of Lennar in a report on Thursday, December 18th. Royal Bank Of Canada cut shares of Lennar from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $106.00 to $95.00 in a research note on Wednesday, December 17th. JMP Securities boosted their price target on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research note on Monday, September 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 price objective on shares of Lennar in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $109.62.

Lennar Stock Down 1.1%

NYSE LEN opened at $102.79 on Friday. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $144.24. The company has a market capitalization of $26.21 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.12 and a beta of 1.42. The stock’s 50 day moving average is $119.12 and its two-hundred day moving average is $121.17. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last posted its earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.27). The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.03 EPS. Equities analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.