Lennar Co. (NYSE:LEN) Holdings Boosted by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its holdings in Lennar Co. (NYSE:LEN) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,745 shares of the construction company’s stock after acquiring an additional 550 shares during the period. Waterloo Capital L.P.’s holdings in Lennar were worth $1,011,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LEN. Zurich Insurance Group Ltd FI bought a new position in Lennar in the first quarter worth about $61,807,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Lennar by 157.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock valued at $98,889,000 after buying an additional 351,698 shares during the last quarter. Swedbank AB bought a new stake in shares of Lennar during the first quarter valued at approximately $28,998,000. Cercano Management LLC bought a new stake in shares of Lennar during the first quarter valued at approximately $24,341,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Lennar during the fourth quarter valued at approximately $16,394,000. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 0.5 %

Lennar stock opened at $188.44 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The firm has a market cap of $51.75 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $192.40. The firm’s 50 day moving average price is $175.35 and its two-hundred day moving average price is $163.60.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share (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 firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. On average, research analysts predict that Lennar Co. will post 14.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LEN. BTIG Research cut their price target on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $145.00 price target on shares of Lennar in a report on Thursday, June 20th. Wells Fargo & Company boosted their target price on Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group cut Lennar from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.69.

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.