The value of the investment in LEN went from $3,836,000 to $3,199,000 a change of $637,000 since the last quarter. Four analysts have provided estimates for Lennar Corporation's earnings, with estimates ranging from $3.61 billion to $3.64 billion. Argus reiterated a "buy" rating and set a $60.00 price objective (up from $57.00) on shares of Lennar Corporation in a report on Tuesday, July 25th. The construction company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.05. The stock of Lennar Corporation (NYSE:LEN) earned "Neutral" rating by Citigroup on Wednesday, October 4. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock.
On October 27 Mizuho held the stock rating at "Hold" projecting a price of $53.00. Moreover, Us National Bank & Trust De has 0% invested in Lennar Corporation (NYSE:LEN) for 6,979 shares. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. Over the trailing year, the stock is underperforming the S&P 500 by 19.43, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
Several other institutional investors have also modified their holdings of LEN. Fox Run Management L.L.C. acquired a new stake in shares of Lennar Corporation in the 2nd quarter valued at approximately $821,000.
In other news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $56.48, for a total value of $282,400.00. On the other hand, company insiders are holding 1.70%. Capstone Asset Management Co. now owns 59,472 shares of the construction company's stock worth $3,171,000 after buying an additional 6,794 shares during the period. DnB Asset Management AS now owns 22,400 shares of the construction company's stock worth $1,194,000 after buying an additional 600 shares during the period. The value of the Market cap relatively ensures a stable and secure position for the company, and can be easily considered a blue chip in today's market. DnB Asset Management AS boosted its holdings in shares of Lennar Corporation by 2.8% in the 2nd quarter. Gagnon invested 0.08% in Lennar Corporation (NYSE:LEN).
Lennar Corporation now measures the Current ratio at *tba and displays the quick ratio at *tba. During the last 52 weeks, the (NYSE:LEN) price has been as high as $59.32 and as low as $40.24. The firm has a market capitalization of $13,812.11, a price-to-earnings ratio of 15.05, a PEG ratio of 1.42 and a beta of 1.31.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd.
WARNING: This news story was first posted by StockNewsTimes and is owned by of StockNewsTimes. Prnewswire.com's article titled: "Lennar Corporation Declares Dividend of Class B Common Stock" and published on October 30, 2017 is yet another important article. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and global copyright and trademark legislation. The company's stock had a trading volume of 3,921,700 shares, compared to its average volume of 2,372,817.
On a similar note, analysts expect EPS of $1.5 in November 2017 quarter and $0.82 in February 2018 quarter, representing 11.94% and 38.98% growth, respectively.
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) on Wednesday, September 21 with "Outperform" rating. The Company's segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.
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