Ranch Capital Advisors Inc. Buys 285 Shares of Lennar Co. (NYSE:LEN)

Ranch Capital Advisors Inc. increased its stake in shares of Lennar Co. (NYSE:LEN) by 7.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,200 shares of the construction company’s stock after purchasing an additional 285 shares during the period. Ranch Capital Advisors Inc.’s holdings in Lennar were worth $629,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LEN. Rise Advisors LLC boosted its position in shares of Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Lennar in the first quarter worth $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Lennar in the first quarter worth $32,000. Redmont Wealth Advisors LLC bought a new stake in Lennar during the first quarter valued at $35,000. Finally, Fortitude Family Office LLC grew its position in Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after buying an additional 161 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE:LEN opened at $192.45 on Friday. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $193.80. The stock has a market cap of $52.85 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The firm’s fifty day simple moving average is $176.08 and its 200 day simple moving average is $163.80.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James downgraded Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $174.00 in a research note on Monday, July 22nd. Royal Bank of Canada reaffirmed an “underperform” rating and set a $145.00 price objective on shares of Lennar in a report on Thursday, June 20th. Wedbush restated a “neutral” rating and set a $144.00 price target on shares of Lennar in a research report on Wednesday, September 11th. Finally, Bank of America increased their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $173.71.

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.