Lennar Corp. (NYSE:LEN)‘s stock had its “outperform” rating reaffirmed by investment analysts at FBR & Co in a research note issued to investors on Wednesday. They presently have a $60.00 price objective on the stock. FBR & Co’s price target would suggest a potential upside of 37.61% from the company’s previous close.

LEN has been the subject of a number of other reports. RBC Capital Markets reaffirmed a “buy” rating and set a $55.00 price target (down from $64.00) on shares of Lennar Corp. in a research note on Wednesday. Argus began coverage on Lennar Corp. in a research note on Tuesday, July 5th. They issued a “buy” rating and a $59.00 price objective on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Lennar Corp. in a research note on Tuesday, June 28th. MKM Partners set a $52.00 price objective on Lennar Corp. and gave the company a “hold” rating in a research note on Wednesday, September 14th. Finally, Keefe, Bruyette & Woods cut their price objective on Lennar Corp. from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.08.

Shares of Lennar Corp. (NYSE:LEN) opened at 43.60 on Wednesday. Lennar Corp. has a 52-week low of $37.14 and a 52-week high of $52.50. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 11.64 and a beta of 1.37. The company’s 50 day moving average price is $46.22 and its 200 day moving average price is $46.44.

Lennar Corp. (NYSE:LEN) last posted its quarterly earnings results on Tuesday, September 20th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. Lennar Corp. had a return on equity of 14.34% and a net margin of 8.37%. The company earned $2.83 billion during the quarter. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts forecast that Lennar Corp. will post $3.82 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Sanders Capital LLC raised its stake in shares of Lennar Corp. by 0.5% in the second quarter. Sanders Capital LLC now owns 8,435,452 shares of the company’s stock valued at $396,802,000 after buying an additional 38,157 shares in the last quarter. Aristotle Capital Management LLC raised its stake in shares of Lennar Corp. by 3.2% in the second quarter. Aristotle Capital Management LLC now owns 5,595,802 shares of the company’s stock valued at $257,966,000 after buying an additional 171,406 shares in the last quarter. Eminence Capital LP raised its stake in shares of Lennar Corp. by 10.9% in the second quarter. Eminence Capital LP now owns 3,365,856 shares of the company’s stock valued at $155,166,000 after buying an additional 331,226 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Lennar Corp. by 3.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,986,303 shares of the company’s stock valued at $137,669,000 after buying an additional 106,100 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Lennar Corp. by 15.0% in the second quarter. Lord Abbett & CO. LLC now owns 2,835,787 shares of the company’s stock valued at $130,730,000 after buying an additional 368,924 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

About Lennar Corp.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

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