4,711 Shares in Lennar Corporation $LEN Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. purchased a new position in Lennar Corporation (NYSE:LEN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,711 shares of the construction company’s stock, valued at approximately $594,000.

Other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Lennar during the second quarter valued at approximately $424,950,000. Viking Global Investors LP increased its holdings in Lennar by 86.7% in the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after acquiring an additional 1,172,068 shares during the last quarter. Swiss National Bank lifted its stake in Lennar by 4.3% in the 2nd quarter. Swiss National Bank now owns 702,872 shares of the construction company’s stock worth $77,745,000 after purchasing an additional 29,300 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Lennar by 16.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 454,585 shares of the construction company’s stock valued at $50,282,000 after purchasing an additional 65,485 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its position in shares of Lennar by 10.6% during the second quarter. Basswood Capital Management L.L.C. now owns 448,984 shares of the construction company’s stock valued at $49,662,000 after purchasing an additional 43,051 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JMP Securities boosted their target price on Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a research report on Monday, September 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Lennar in a report on Thursday, December 18th. Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a report on Monday, December 8th. Royal Bank Of Canada set a $88.00 price target on shares of Lennar in a research note on Friday. Finally, Citigroup dropped their price objective on shares of Lennar from $133.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $106.00.

Lennar Stock Performance

Shares of NYSE:LEN opened at $120.86 on Tuesday. 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 Corporation has a 12 month low of $98.42 and a 12 month high of $144.24. The company has a market capitalization of $30.82 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.38 and a beta of 1.42. The firm’s 50-day moving average is $116.95 and its 200 day moving average is $121.47.

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

About Lennar

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.