Traders Buy Shares of Lennar (LEN) on Weakness

Investors purchased shares of Lennar Co. (NYSE:LEN) on weakness during trading on Wednesday. $42.01 million flowed into the stock on the tick-up and $16.60 million flowed out of the stock on the tick-down, for a money net flow of $25.41 million into the stock. Of all stocks tracked, Lennar had the 15th highest net in-flow for the day. Lennar traded down ($0.49) for the day and closed at $48.07

LEN has been the subject of a number of research analyst reports. ValuEngine raised Lennar from a “strong sell” rating to a “sell” rating in a report on Monday, December 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 price target on shares of Lennar in a report on Sunday, February 24th. Citigroup lowered their price target on Lennar from $62.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 4th. Zacks Investment Research reaffirmed a “sell” rating on shares of Lennar in a report on Monday, December 31st. Finally, Wedbush downgraded Lennar from an “outperform” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.29.

The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.60 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 11.48 and a quick ratio of 1.12.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, January 9th. The construction company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.05. The business had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.46 billion. Lennar had a return on equity of 13.76% and a net margin of 8.24%. The company’s revenue was up 70.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. Research analysts anticipate that Lennar Co. will post 6.02 EPS for the current fiscal year.

In other news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $40.03, for a total value of $800,600.00. Following the completion of the sale, the chief operating officer now directly owns 171,014 shares of the company’s stock, valued at $6,845,690.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Ceredex Value Advisors LLC purchased a new stake in shares of Lennar during the fourth quarter worth approximately $28,000. CI Investments Inc. raised its stake in shares of Lennar by 188.5% during the fourth quarter. CI Investments Inc. now owns 756 shares of the construction company’s stock worth $30,000 after purchasing an additional 494 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Lennar during the fourth quarter worth approximately $49,000. NuWave Investment Management LLC purchased a new stake in shares of Lennar during the fourth quarter worth approximately $51,000. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of Lennar by 277.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 1,360 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,000 shares during the last quarter. 83.59% of the stock is owned by institutional investors and hedge funds.

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Lennar Company Profile (NYSE:LEN)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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