Lennar Co. (NYSE:LEN) – Equities research analysts at Wedbush issued their Q1 2018 earnings estimates for Lennar in a research note issued on Wednesday. Wedbush analyst J. Mccanless forecasts that the construction company will earn $0.86 per share for the quarter. Wedbush currently has a “Hold” rating and a $60.00 target price on the stock. Wedbush also issued estimates for Lennar’s Q2 2018 earnings at $1.21 EPS, Q3 2018 earnings at $1.48 EPS and Q4 2018 earnings at $1.91 EPS.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. Lennar had a net margin of 6.65% and a return on equity of 12.37%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 EPS.

LEN has been the subject of several other research reports. Mizuho lowered shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $59.00 to $53.00 in a research note on Tuesday, September 19th. Bank of America boosted their price target on shares of Lennar from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Wells Fargo & Co upgraded shares of Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price target for the company in a research note on Tuesday. Zacks Investment Research upgraded shares of Lennar from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Friday, September 15th. Finally, MKM Partners upgraded shares of Lennar from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.60.

Shares of Lennar (NYSE LEN) traded down $0.28 during midday trading on Friday, hitting $66.95. 4,595,700 shares of the stock were exchanged, compared to its average volume of 4,650,900. The firm has a market cap of $15,570.00, a P/E ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 1.35. Lennar has a 1 year low of $43.13 and a 1 year high of $67.45. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the sale, the chief operating officer now directly owns 99,000 shares of the company’s stock, valued at $6,337,980. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 371,043 shares in the company, valued at $22,262,580. The disclosure for this sale can be found here. 12.18% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LEN. Victory Capital Management Inc. increased its position in shares of Lennar by 17.9% during the second quarter. Victory Capital Management Inc. now owns 33,473 shares of the construction company’s stock valued at $1,785,000 after buying an additional 5,083 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Lennar by 20.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 8,697 shares of the construction company’s stock worth $464,000 after purchasing an additional 1,488 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Lennar by 8.6% in the second quarter. Pacer Advisors Inc. now owns 4,386 shares of the construction company’s stock worth $234,000 after purchasing an additional 348 shares during the last quarter. Swiss National Bank increased its position in shares of Lennar by 2.8% in the second quarter. Swiss National Bank now owns 741,000 shares of the construction company’s stock worth $39,510,000 after purchasing an additional 19,900 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of Lennar by 20.4% in the second quarter. Tredje AP fonden now owns 44,394 shares of the construction company’s stock worth $2,367,000 after purchasing an additional 7,530 shares during the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.

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Lennar 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.

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