Mount Yale Investment Advisors LLC Buys New Shares in Lennar Co. (NYSE:LEN)

Mount Yale Investment Advisors LLC purchased a new position in shares of Lennar Co. (NYSE:LEN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,951 shares of the construction company’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LEN. Pacer Advisors Inc. raised its holdings in Lennar by 15.1% in the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after acquiring an additional 396,951 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Lennar during the 1st quarter worth $61,807,000. Jacobs Levy Equity Management Inc. grew its stake 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 worth $98,889,000 after purchasing an additional 351,698 shares in the last quarter. Swedbank AB purchased a new position in Lennar in the first quarter valued at $28,998,000. Finally, Cercano Management LLC acquired a new stake in Lennar in the first quarter valued at $24,341,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $185.77 on Tuesday. The business has a 50 day simple moving average of $177.07 and a 200-day simple moving average of $164.16. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $193.80. 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 capitalization of $51.01 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter last year, the business earned $3.91 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Lennar Co. will post 14.16 earnings per share for the current year.

Analysts Set New Price Targets

LEN has been the topic of a number of recent analyst reports. BTIG Research dropped their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Bank of America upped their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods lifted their price target on shares of Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Finally, Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $179.72.

About Lennar

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.