Kwmg LLC Acquires 4,541 Shares of Lennar Corporation $LEN

Kwmg LLC grew its holdings in shares of Lennar Corporation (NYSE:LEN) by 12.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 41,694 shares of the construction company’s stock after purchasing an additional 4,541 shares during the period. Kwmg LLC’s holdings in Lennar were worth $4,612,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LEN. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Lennar during the second quarter worth $424,950,000. The Manufacturers Life Insurance Company increased its position in shares of Lennar by 45.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company’s stock worth $1,020,866,000 after buying an additional 2,777,567 shares during the period. Eminence Capital LP increased its position in shares of Lennar by 130.8% during the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company’s stock worth $181,523,000 after buying an additional 896,264 shares during the period. Brave Warrior Advisors LLC increased its position in shares of Lennar by 23.4% during the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company’s stock worth $251,323,000 after buying an additional 415,218 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Lennar during the first quarter worth $41,788,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LEN has been the subject of several recent analyst reports. Wall Street Zen cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Lennar in a report on Monday. Zacks Research upgraded shares of Lennar from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Raymond James Financial cut shares of Lennar from a “market perform” rating to an “underperform” rating in a report on Monday. Finally, Bank of America raised their price target on shares of Lennar from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $123.25.

Lennar Stock Down 4.3%

LEN opened at $121.90 on Tuesday. 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’s 50-day moving average is $126.15 and its 200 day moving average is $115.89. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $189.65. The firm has a market capitalization of $31.57 billion, a P/E ratio of 12.04, a PEG ratio of 5.40 and a beta of 1.33.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period last year, the firm earned $3.90 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts expect 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.