Wedbush restated their neutral rating on shares of Lennar Corporation (NYSE:LEN) in a research report sent to investors on Thursday. They currently have a $54.00 price target on the construction company’s stock. Wedbush also issued estimates for Lennar Corporation’s Q3 2017 earnings at $0.99 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.68 EPS and FY2018 earnings at $4.61 EPS.

LEN has been the subject of several other reports. MKM Partners reaffirmed a neutral rating and issued a $58.00 target price (up from $55.00) on shares of Lennar Corporation in a report on Friday, June 23rd. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $62.00 target price on shares of Lennar Corporation in a report on Thursday, July 27th. Credit Suisse Group assumed coverage on Lennar Corporation in a report on Thursday, June 22nd. They issued a neutral rating and a $55.00 target price for the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $64.00 target price on shares of Lennar Corporation in a report on Monday, August 21st. Finally, Zacks Investment Research lowered Lennar Corporation from a buy rating to a hold rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $56.82.

Lennar Corporation (LEN) opened at 51.31 on Thursday. The stock’s 50 day moving average price is $52.26 and its 200 day moving average price is $51.96. The company has a market capitalization of $12.03 billion, a P/E ratio of 15.00 and a beta of 1.24. Lennar Corporation has a 52 week low of $39.68 and a 52 week high of $55.75.

Lennar Corporation (NYSE:LEN) last released its earnings results on Tuesday, June 20th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.90 billion. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. Lennar Corporation’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Analysts anticipate that Lennar Corporation will post $3.82 earnings per share for the current year.

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In other Lennar Corporation news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the sale, the chief operating officer now owns 139,433 shares in the company, valued at $7,413,652.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 12.18% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Sanders Capital LLC lifted its position in shares of Lennar Corporation by 1.3% during the first quarter. Sanders Capital LLC now owns 8,724,399 shares of the construction company’s stock worth $456,887,000 after acquiring an additional 110,379 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Lennar Corporation by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,516,323 shares of the construction company’s stock worth $400,771,000 after acquiring an additional 386,110 shares in the last quarter. Aristotle Capital Management LLC lifted its position in shares of Lennar Corporation by 1.3% during the first quarter. Aristotle Capital Management LLC now owns 5,767,575 shares of the construction company’s stock worth $295,242,000 after acquiring an additional 73,814 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of Lennar Corporation by 0.9% during the second quarter. Greenhaven Associates Inc. now owns 5,420,516 shares of the construction company’s stock worth $289,022,000 after acquiring an additional 46,200 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Lennar Corporation by 25.0% during the second quarter. Principal Financial Group Inc. now owns 3,129,708 shares of the construction company’s stock worth $166,876,000 after acquiring an additional 625,329 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Lennar Corporation Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar Corporation (NYSE:LEN)

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