Mizuho lowered shares of Lennar Corporation (NYSE:LEN) from a buy rating to a neutral rating in a report published on Tuesday morning, MarketBeat reports. Mizuho currently has $53.00 target price on the construction company’s stock, down from their previous target price of $59.00.

Other equities analysts have also issued research reports about the company. Argus reissued a buy rating and set a $60.00 target price (up previously from $57.00) on shares of Lennar Corporation in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reissued an outperform rating on shares of Lennar Corporation in a research note on Tuesday, July 4th. MKM Partners reissued a neutral rating and set a $58.00 target price (up previously from $55.00) on shares of Lennar Corporation in a research note on Friday, June 23rd. Zacks Investment Research lowered Lennar Corporation from a buy rating to a hold rating in a research note on Tuesday, June 13th. Finally, BidaskClub lowered Lennar Corporation from a buy rating to a hold rating in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Lennar Corporation has a consensus rating of Buy and a consensus target price of $56.25.

Lennar Corporation (NYSE LEN) opened at 50.49 on Tuesday. The stock’s 50 day moving average price is $52.22 and its 200 day moving average price is $52.03. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 14.76 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 posted its earnings results on Tuesday, June 20th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company earned $0.95 EPS. Lennar Corporation’s revenue was up 18.8% on a year-over-year basis. On average, analysts forecast that Lennar Corporation will post $3.82 earnings per share for the current year.

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In other news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $53.17, for a total value of $1,063,400.00. Following the transaction, the chief operating officer now owns 139,433 shares in the company, valued at approximately $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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new position in shares of Lennar Corporation in the 2nd quarter valued at about $314,000. Toronto Dominion Bank increased its holdings in shares of Lennar Corporation by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 68,832 shares of the construction company’s stock valued at $3,669,000 after acquiring an additional 13,992 shares during the last quarter. Psagot Investment House Ltd. increased its holdings in shares of Lennar Corporation by 12.1% in the 2nd quarter. Psagot Investment House Ltd. now owns 33,475 shares of the construction company’s stock valued at $1,785,000 after acquiring an additional 3,600 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Lennar Corporation by 71.8% in the 2nd quarter. Bank of Nova Scotia now owns 79,890 shares of the construction company’s stock valued at $4,260,000 after acquiring an additional 33,388 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Lennar Corporation by 347.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,762 shares of the construction company’s stock valued at $1,694,000 after acquiring an additional 24,659 shares during the last quarter. Institutional investors and hedge funds own 81.08% 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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