Capital Advisory Group Advisory Services LLC Invests $2 Million in Lennar Corporation $LEN

Capital Advisory Group Advisory Services LLC bought a new stake in shares of Lennar Corporation (NYSE:LEN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,900 shares of the construction company’s stock, valued at approximately $2,004,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of Lennar in the 2nd quarter worth approximately $33,000. Rexford Capital Inc. acquired a new position in Lennar in the second quarter worth approximately $36,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lennar in the second quarter valued at $43,000. Cary Street Partners Financial LLC bought a new stake in shares of Lennar during the 2nd quarter worth $47,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Lennar by 39.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock worth $51,000 after acquiring an additional 115 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. UBS Group cut shares of Lennar from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $137.00 to $122.00 in a report on Tuesday, January 6th. Royal Bank Of Canada set a $88.00 price target on shares of Lennar in a report on Friday, January 9th. JMP Securities raised their price objective on shares of Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $125.00 target price on shares of Lennar in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $106.38.

Lennar Stock Performance

Shares of NYSE LEN opened at $118.57 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. Lennar Corporation has a one year low of $98.42 and a one year high of $144.24. The business’s 50-day moving average price is $116.98 and its two-hundred day moving average price is $121.70. The company has a market capitalization of $30.24 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42.

Lennar (NYSE:LEN) last announced its quarterly 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). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the firm earned $4.03 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal 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.