Wealth Enhancement Advisory Services LLC Boosts Holdings in Lennar Corporation $LEN

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Lennar Corporation by 6.0%, owning approximately 221,277 shares valued at around $24.37 million as of the latest SEC filing.
• A significant majority, about 81.10%, of Lennar's stock is held by institutional investors, with several firms, including The Manufacturers Life Insurance Company, making substantial increases to their holdings during the first quarter.
• Analysts have mixed views on Lennar, with one firm recently lowering their price target from $110 to $95, while others upgraded their ratings, leading to an average target price of around $128.33.

Wealth Enhancement Advisory Services LLC increased its holdings in Lennar Corporation (NYSE:LEN - Free Report) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,277 shares of the construction company's stock after acquiring an additional 12,514 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of Lennar worth $24,367,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

LEN has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Lennar from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Zelman & Associates downgraded shares of Lennar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their target price on shares of Lennar from $98.00 to $106.00 and gave the company a "sector perform" rating in a research report on Monday. Wedbush reiterated a "neutral" rating and issued a $130.00 target price on shares of Lennar in a research note on Monday. Finally, Wall Street Zen cut shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lennar has a consensus rating of "Hold" and an average price target of $123.75.

Lennar Trading Up 0.4%

Lennar stock traded up $0.46 during trading hours on Tuesday, reaching $122.37. The stock had a trading volume of 1,827,313 shares, compared to its average volume of 3,284,104. The stock has a market cap of $31.69 billion, a PE ratio of 12.10, a PEG ratio of 5.40 and a beta of 1.33. Lennar Corporation has a 52 week low of $98.42 and a 52 week 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 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 announced its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.15. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.90 EPS. Analysts forecast that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Company 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.