On September 8, 2023, Clearbridge Investments LLC announced a reduction in its stake in Lennar Co. (NYSE:LEN) by 8.0% during the first quarter of the year. The update was provided through a Form 13F filing with the Securities and Exchange Commission. According to the filing, Clearbridge Investments LLC now owns 25,674 shares of Lennar’s stock after selling 2,244 shares in the same quarter. The total value of the holdings amounted to $2,699,000 as of the most recent SEC filing.
Lennar is a notable construction company that has recently posted its quarterly earnings data on June 14th, as per our latest research report on the company. During this period, Lennar reported earnings of $2.94 per share for the quarter, surpassing market expectations by $0.62 per share (”Check Out Our Latest Research Report on Lennar”). This positive outcome reflects strong performance and indicates potential growth prospects for investors.
Additionally, Lennar achieved a return on equity rate of 18.27% and a net margin rate of 12.66%. These statistics further illustrate the company’s ability to generate profits while effectively managing its operations (”Check Out Our Latest Research Report on Lennar”).
In terms of revenue generation, Lennar reported $8.05 billion during the quarter – exceeding analysts’ predictions that estimated revenue at $7.28 billion (”Check Out Our Latest Research Report on Lennar”). This revenue boost strengthens both investor confidence and market perception regarding Lennar’s financial performance.
Equities analysts currently project a future EPS (earnings per share) figure of 12.65 for Lennar Co., marking an optimistic trend for shareholders (”Check Out Our Latest Research Report on Lennar”). Such forecasts suggest continued growth potential for the company and reinforce its position as a valuable investment opportunity within the construction industry.
It is important to note that these figures are subject to change based on various market factors and the performance of Lennar Co. Consequently, investors and analysts should remain vigilant in their assessment of the company’s financial indicators moving forward.
Banco Bilbao Vizcaya Argentaria, S.A.
Updated on: 05/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
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Hedge Funds and Insider Trading Activity Surrounding Lennar Corporation (LEN)
Lennar Corporation (LEN) has recently seen a number of hedge funds making changes to their positions in the stock. Merit Financial Group LLC increased its stake in Lennar by 3.0% during the first quarter, now owning 3,851 shares of the construction company’s stock worth $405,000 after purchasing an additional 112 shares in the last quarter. Similarly, Lakewood Asset Management LLC grew its holdings by 1.3% during the first quarter and now owns 9,173 shares valued at $964,000 after adding an additional 116 shares.
MV Capital Management Inc. also increased its position in Lennar during the first quarter, acquiring an additional 127 shares and bringing their total to 397 shares worth $42,000. Additionally, Brown Brothers Harriman & Co. raised its stake by 22.6%, now owning 717 shares valued at $75,000.
Another notable investor is Greenleaf Trust which grew its stake by 2.9% during the first quarter and now owns 4,708 shares worth $495,000.
It is important to note that institutional investors own a significant portion of Lennar Corporation with a total ownership percentage of around 79.87%.
The market sentiment surrounding LEN has been reflected in several research analyst reports over recent months. For instance, JMP Securities increased their price objective on Lennar from $115.00 to $135.00 back in June and Barclays followed suit with an increase from $120.00 to $135.00.
Evercore ISI also boosted their target price on Lennar from $153.00 to an impressive $161.00 while Keefe, Bruyette & Woods upped their price target from $130.00 to $145.00 in June as well.
According to The Goldman Sachs Group ratings report dated August 30th this year published on Bloomberg.com, Lennar has an average rating of “Hold” and an average target price of $128.13.
In other news, Director Amy Banse acquired 790 shares of LEN stock on July 21st at an average cost of $126.42 per share for a total transaction value of $99,871.80. Following this acquisition, Banse now holds 7,293 shares in the company which equates to a value of approximately $921,981.06. This transaction was disclosed in a filing with the Securities & Exchange Commission.
Moreover, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock on July 20th at an average price of $126.48 per share for a total transaction amounting to $1,264,800.00. After this transaction, Mccall holds 141,386 shares valued at around $17,882,501.28.
In the last quarter alone, insiders have bought a total of 2,634 shares worth $321,855. As it stands now, company insiders own approximately 9.53% of LEN stock.
LEN opened at $118.08 on September 8th with a 50-day moving average standing at $123.23 and its two-hundred day moving average being $113.52 respectively.
With regards to liquidity factors for Lennar Co., the company has exhibited a quick ratio of 1.25 and current ratio of 7.09 while maintaining a debt-to-equity ratio of just 0.15.
Over the past year’s trading period, Lennar Corporation reached its highest point at $133.24 and experienced its lowest point at $69.90 indicating volatility within this range.
Lennar currently possesses a market capitalization value amounting to $33.94 billion with a PE ratio standing at 8.06 and price-to-earnings-growth ratio of 1.54.
Given the array of factors exhibited by Lennar Corporation, investors and market observers must carefully consider these various dynamics when making decisions about their investment strategy moving forward.