Published On: Thu, Sep 15th, 2016

Lennar Corp. (LEN) Given a $52.00 Price Target at MKM Partners

Lennar Corp. (NYSE:LEN) received a $52.00 price objective from investment analysts at MKM Partners in a research note issued to investors on Wednesday. The brokerage presently has a a “hold” rating on the stock. MKM Partners’ price objective suggests a potential upside of 15.53% from the stock’s previous close.
A number of other equities analysts have also weighed in on LEN. FBR & Co reiterated an “outperform” rating and issued a $60.00 price target on shares of Lennar Corp. in a research report on Wednesday, June 22nd. Raymond James Financial Inc. upgraded shares of Lennar Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Credit Suisse Group AG restated a “hold” rating on shares of Lennar Corp. in a research report on Tuesday, June 28th. Argus assumed coverage on shares of Lennar Corp. in a research report on Tuesday, July 5th. They set a “buy” rating and a $59.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Lennar Corp. from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, August 24th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.10.
Lennar Corp. (NYSE:LEN) traded up 0.60% during trading on Wednesday, hitting $45.01. 2,578,638 shares of the company’s stock were exchanged. Lennar Corp. has a 52-week low of $37.14 and a 52-week high of $54.23. The firm has a 50 day moving average price of $46.70 and a 200 day moving average price of $46.46. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 12.02 and a beta of 1.37.

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Lennar Corp. (NYSE:LEN) last posted its quarterly earnings results on Tuesday, June 21st. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. The business earned $2.75 million during the quarter. Lennar Corp. had a net margin of 8.52% and a return on equity of 14.41%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Lennar Corp. will post $3.82 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Capital LLC increased its position in Lennar Corp. by 0.5% in the second quarter. Sanders Capital LLC now owns 8,435,452 shares of the company’s stock valued at $396,802,000 after buying an additional 38,157 shares in the last quarter. Aristotle Capital Management LLC increased its position in Lennar Corp. by 3.2% in the second quarter. Aristotle Capital Management LLC now owns 5,595,802 shares of the company’s stock valued at $257,966,000 after buying an additional 171,406 shares in the last quarter. Eminence Capital LP increased its position in Lennar Corp. by 10.9% in the second quarter. Eminence Capital LP now owns 3,365,856 shares of the company’s stock valued at $155,166,000 after buying an additional 331,226 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Lennar Corp. by 3.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,986,303 shares of the company’s stock valued at $137,669,000 after buying an additional 106,100 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Lennar Corp. by 15.0% in the second quarter. Lord Abbett & CO. LLC now owns 2,835,787 shares of the company’s stock valued at $130,730,000 after buying an additional 368,924 shares in the last quarter. 86.40% of the stock is currently owned by institutional investors.
About Lennar Corp.
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

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