Global Wealth Management Investment Advisory Inc. Purchases 107 Shares of Lennar Co. (NYSE:LEN)

Global Wealth Management Investment Advisory Inc. lifted its stake in Lennar Co. (NYSE:LEN) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,961 shares of the construction company’s stock after buying an additional 107 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Lennar were worth $692,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LEN. Sigma Planning Corp lifted its holdings in shares of Lennar by 3.8% in the first quarter. Sigma Planning Corp now owns 8,852 shares of the construction company’s stock worth $896,000 after buying an additional 321 shares in the last quarter. Swiss National Bank raised its stake in Lennar by 1.9% during the first quarter. Swiss National Bank now owns 1,058,048 shares of the construction company’s stock valued at $107,106,000 after purchasing an additional 20,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Lennar by 23.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,785 shares of the construction company’s stock valued at $1,193,000 after purchasing an additional 2,235 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Lennar by 3.3% during the first quarter. Advisors Asset Management Inc. now owns 60,102 shares of the construction company’s stock valued at $6,084,000 after purchasing an additional 1,938 shares in the last quarter. Finally, PAX Financial Group LLC purchased a new stake in Lennar during the first quarter valued at $502,000. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LEN opened at $98.07 on Thursday. The company’s 50-day moving average price is $103.39 and its 200-day moving average price is $100.43. The company has a current ratio of 11.02, a quick ratio of 1.53 and a debt-to-equity ratio of 0.30. The stock has a market cap of $30.73 billion, a PE ratio of 9.09 and a beta of 1.50. Lennar Co. has a 12 month low of $69.41 and a 12 month high of $110.61.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Sunday, September 19th. The construction company reported $4.52 EPS for the quarter, topping the Zacks’ consensus estimate of $3.27 by $1.25. The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $7.26 billion. Lennar had a net margin of 13.83% and a return on equity of 16.82%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 earnings per share. As a group, sell-side analysts forecast that Lennar Co. will post 12.7 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Lennar in a research note on Monday, July 19th. Raymond James upped their price target on shares of Lennar from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. BTIG Research increased their target price on shares of Lennar from $127.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities increased their target price on shares of Lennar from $120.00 to $130.00 and gave the company a “market outperform” rating in a research note on Friday, June 18th. Finally, Evercore ISI increased their target price on shares of Lennar from $121.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, June 18th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $111.56.

About Lennar

Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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