Kwmg LLC Has $4.61 Million Stock Holdings in Lennar Corporation $LEN

Key Points

• Kwmg LLC increased its stake in Lennar Corporation by 12.2%, owning 41,694 shares valued at approximately $4.61 million as of the latest SEC filing.
• Wall Street analysts have varied opinions on Lennar, with target prices ranging from $92.00 to $161.00 and an average rating of "Hold".
• Lennar reported earnings of $2.29 per share, exceeding estimates, although its revenue of $8.81 billion fell short of expectations and was down 6.4% year-over-year.

Kwmg LLC boosted its stake in Lennar Corporation (NYSE:LEN - Free Report) by 12.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,694 shares of the construction company's stock after buying an additional 4,541 shares during the period. Kwmg LLC's holdings in Lennar were worth $4,612,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in Lennar in the 4th quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new position in Lennar in the 1st quarter valued at about $30,000. NBC Securities Inc. acquired a new position in Lennar in the 1st quarter valued at about $33,000. Franchise Capital Ltd acquired a new position in Lennar in the 1st quarter valued at about $38,000. Finally, Disciplina Capital Management LLC grew its stake in Lennar by 179.8% in the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company's stock valued at $38,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

LEN has been the topic of a number of analyst reports. UBS Group increased their target price on shares of Lennar from $146.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday. Raymond James Financial lowered shares of Lennar from a "market perform" rating to an "underperform" rating in a research report on Monday. Keefe, Bruyette & Woods decreased their target price on shares of Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research report on Friday, June 20th. JPMorgan Chase & Co. decreased their target price on shares of Lennar from $97.00 to $92.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, JMP Securities increased their target price on shares of Lennar from $130.00 to $140.00 and gave the stock a "market outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Lennar presently has an average rating of "Hold" and a consensus target price of $123.25.

Lennar Price Performance

Shares of NYSE:LEN opened at $121.90 on Tuesday. The company has a market cap of $31.57 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 5.40 and a beta of 1.33. 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 firm has a 50 day simple moving average of $126.15 and a 200 day simple moving average of $115.89. Lennar Corporation has a one year low of $98.42 and a one year high of $189.65.

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

About Lennar

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.

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