Butensky & Cohen Financial Security Inc. Purchases 2,161 Shares of Lennar Corporation $LEN

Key Points

• Butensky & Cohen Financial Security Inc. increased its stake in Lennar Corporation by 7.1%, acquiring an additional 2,161 shares during the second quarter, bringing its total holdings to 32,694 shares valued at approximately $3.6 million.
• Lennar reported earnings of $2.29 per share, exceeding analyst expectations, but its revenue fell by 6.4% year-over-year to $8.81 billion, below the forecasted $9.01 billion.
• Analysts have mixed ratings on Lennar, with a consensus rating of "Hold" and an average price target of $128.33, reflecting varying opinions on the stock’s future performance.

Butensky & Cohen Financial Security Inc. increased its stake in shares of Lennar Corporation (NYSE:LEN - Free Report) by 7.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 32,694 shares of the construction company's stock after purchasing an additional 2,161 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Lennar were worth $3,616,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Secured Retirement Advisors LLC bought a new position in Lennar in the 1st quarter worth about $926,000. Marks Group Wealth Management Inc increased its stake in Lennar by 15.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company's stock worth $251,000 after acquiring an additional 292 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Lennar by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company's stock worth $23,962,000 after acquiring an additional 4,332 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Lennar by 24.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company's stock valued at $4,825,000 after purchasing an additional 8,357 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its position in shares of Lennar by 77.7% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company's stock valued at $419,000 after purchasing an additional 1,596 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on LEN. Wall Street Zen lowered Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Wedbush reiterated a "neutral" rating and set a $130.00 price objective on shares of Lennar in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on Lennar from $97.00 to $92.00 and set a "neutral" rating on the stock in a research report on Monday. Evercore ISI increased their price objective on Lennar from $114.00 to $118.00 and gave the company an "in-line" rating in a research report on Monday. Finally, Royal Bank Of Canada raised their price target on Lennar from $98.00 to $106.00 and gave the stock a "sector perform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $123.75.

Lennar Stock Up 0.8%

LEN stock traded up $1.04 on Tuesday, reaching $122.95. 2,479,312 shares of the company traded hands, compared to its average volume of 3,287,349. Lennar Corporation has a one year low of $98.42 and a one year high of $189.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The company has a market cap of $31.84 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 5.40 and a beta of 1.33. The firm has a fifty day simple moving average of $126.15 and a 200-day simple moving average of $115.89.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.15. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.90 EPS. Research analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.