Summit Trail Advisors LLC Purchases 190 Shares of Lennar Co. (NYSE:LEN)

Summit Trail Advisors LLC grew its position in Lennar Co. (NYSE:LEN) by 9.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,187 shares of the construction company’s stock after buying an additional 190 shares during the period. Summit Trail Advisors LLC’s holdings in Lennar were worth $328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC raised its holdings in 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 acquiring an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar in the 1st quarter worth about $30,000. New Covenant Trust Company N.A. purchased a new position in Lennar in the 1st quarter worth about $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Lennar during the 1st quarter valued at about $35,000. Finally, Fortitude Family Office LLC grew its stake in shares of Lennar by 223.6% in the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after acquiring an additional 161 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 2.0 %

Shares of LEN stock opened at $185.77 on Tuesday. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $51.01 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $193.80. The stock’s 50-day moving average price is $177.07 and its 200-day moving average price is $164.16.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LEN shares. Bank Of America (Bofa) lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James lowered Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Barclays raised their target price on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday. Wedbush reaffirmed a “neutral” rating and set a $144.00 price target on shares of Lennar in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $179.72.

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.