Lennar Corporation (LEN.B) traded down $0.79 during trading on Tuesday, hitting $48.76. They use historic price data to observe stock price patterns to predict the direction of that price going forward. MKM Partners raised Lennar Corporation from a "neutral" rating to a "buy" rating and set a $64.00 price target for the company in a report on Wednesday, October 4th. BidaskClub raised Lennar Corporation from a "sell" rating to a "hold" rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Lennar Corporation from a "hold" rating to a "buy" rating and set a $57.00 price objective for the company in a report on Friday, September 15th. The rating was maintained by Citigroup with "Neutral" on Wednesday, October 4. Price Target plays a critical role when it comes to the analysis of a Stock.
Lennar Corporation (NYSE:LEN) opened at $58.22 on Friday. After having $1.06 EPS previously, Lennar Corporation's analysts see 41.51 % EPS growth. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59.
Shaker Investments LLC OH lessened its holdings in Lennar Corporation (NYSE:LEN) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The high and low revenue estimates for the current quarter are $3.69 Billion and $3.37 Billion, respectively.
NYSE:LEN has an EPS value of 3.47 with an EPS growth this year at 13.70%. The firm's revenue for the quarter was up 15.1% on a year-over-year basis.
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Analysts await Lennar Corporation (NYSE:LEN) to report earnings on December, 18. The ex-dividend date of this dividend was Wednesday, October 18th. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Fincl Bank Of New York Mellon stated it has 0.02% in Lennar Corporation (NYSE:LEN). Shares of HAL have increased 11.78% in the past three monthswhile the S&P 500 has gained 5.31% in that time. Following the transaction, the chief financial officer now directly owns 376,043 shares in the company, valued at $21,238,908.64.
Several other institutional investors have also modified their holdings of LEN. Short shares fell from 7,248,557 to 6,612,554 over that period.
As previously announced, on October29, 2017, Lennar Corporation, a DE corporation (the "Company"), and a wholly-owned subsidiary of the Company ("Merger Sub") entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with CalAtlantic Group, Inc., a DE corporation ("CalAtlantic"). The completion of the Merger is subject to the satisfaction or waiver of certain conditions, including (a) the adoption of the Merger Agreement and Merger by the CalAtlantic stockholders, and (b) the approval by the holders the Company's ClassA common stock and ClassB common stock, voting together without regard to class, to issue the Company's ClassA common stock and ClassB common stock in the Merger. Rhumbline Advisers augmented its holdings by buying 200 shares an increase of 3.4% in the quarter. The company reels an EPS growth for the next year at 31.18%, displaying an EPS growth of 52.00% for the past five years and an EPS value of 9.27% for the following five years. The company had a trading volume of 97,500 shares, compared to its average volume of 25,433. Finally, Smead Capital Management Inc. lifted its stake in Lennar Corporation by 43.3% in the 2nd quarter. The hedge fund run by Robert Hockett held 161,889 shares of the homebuilding company at the end of 2017Q2, valued at $8.63 million, down from 365,159 at the end of the previous reported quarter. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others.
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company's divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.