Janus Henderson Group PLC boosted its stake in Lennar Co. (NYSE:LEN) by 268.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,638 shares of the construction company’s stock after buying an additional 118,482 shares during the quarter. Janus Henderson Group PLC owned approximately 0.07% of Lennar worth $8,587,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in LEN. Advisors Asset Management Inc. boosted its stake in Lennar by 1.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,913 shares of the construction company’s stock valued at $475,000 after buying an additional 135 shares in the last quarter. Comerica Bank boosted its stake in Lennar by 1.8% in the 2nd quarter. Comerica Bank now owns 49,577 shares of the construction company’s stock valued at $2,622,000 after buying an additional 885 shares in the last quarter. Blair William & Co. IL acquired a new stake in Lennar in the 2nd quarter valued at $996,000. Federated Investors Inc. PA boosted its stake in Lennar by 333.8% in the 2nd quarter. Federated Investors Inc. PA now owns 172,735 shares of the construction company’s stock valued at $9,210,000 after buying an additional 132,916 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lennar by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 658,941 shares of the construction company’s stock valued at $35,135,000 after buying an additional 16,959 shares in the last quarter. 81.25% of the stock is currently owned by institutional investors and hedge funds.
LEN has been the topic of several recent analyst reports. MKM Partners reaffirmed a “neutral” rating on shares of Lennar in a research note on Tuesday, September 5th. Wedbush reaffirmed a “neutral” rating and issued a $54.00 price target on shares of Lennar in a research note on Thursday, September 14th. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, September 15th. Mizuho lowered Lennar from a “buy” rating to a “neutral” rating and decreased their price target for the company from $59.00 to $53.00 in a research note on Tuesday, September 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $64.00 price target on shares of Lennar in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Lennar presently has a consensus rating of “Hold” and a consensus price target of $58.14.
Lennar Co. (NYSE LEN) opened at $63.89 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. The company has a market capitalization of $14,830.00, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.30 and a beta of 1.35. Lennar Co. has a one year low of $42.23 and a one year high of $64.42.
Lennar (NYSE:LEN) last posted its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. sell-side analysts expect that Lennar Co. will post 4.04 EPS for the current year.
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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