Lennar Co. (NYSE:LEN) Stock Position Raised by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in Lennar Co. (NYSE:LEN) by 1,060.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,737 shares of the construction company’s stock after acquiring an additional 16,208 shares during the period. XTX Topco Ltd’s holdings in Lennar were worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC lifted its holdings in shares of Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar during the 1st quarter valued at $30,000. New Covenant Trust Company N.A. acquired a new position in Lennar during the 1st quarter worth $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar in the first quarter worth $35,000. Finally, Fortitude Family Office LLC raised its stake in shares of Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LEN has been the subject of a number of recent analyst reports. Argus increased their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Wedbush reissued a “neutral” rating and set a $144.00 target price on shares of Lennar in a report on Wednesday, September 11th. Citigroup reaffirmed a “neutral” rating and set a $164.00 price target (down from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company raised their target price on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus target price of $172.69.

Lennar Trading Down 0.5 %

NYSE:LEN opened at $188.44 on Thursday. The stock’s 50-day moving average is $175.35 and its two-hundred day moving average is $163.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The stock has a market cap of $51.75 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $192.40.

Lennar (NYSE:LEN) last released its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.18. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. As a group, equities research analysts forecast that Lennar Co. will post 14.16 earnings per share for the current fiscal year.

Lennar Company Profile

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, Financial Services, Multifamily, and Lennar Other 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; and development, construction, and management of multifamily rental properties.