9.23 % to Target, Wedbush Keeps ‘”Hold”’ Rating on Lennar Corp (NYSE:LEN) Shares Today

June 28, 2018 - By Kenneth Lin

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Investors sentiment increased to 2.09 in Q1 2018. Its up 0.84, from 1.25 in 2017Q4. It increased, as 50 investors sold Lennar Corporation shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported.

1832 Asset Management Ltd Partnership reported 0.03% of its portfolio in Lennar Corporation (NYSE:LEN). Ibm Retirement Fund accumulated 5,641 shares. Ftb has invested 0% of its portfolio in Lennar Corporation (NYSE:LEN). Goldman Sachs invested 0.06% of its portfolio in Lennar Corporation (NYSE:LEN). Group Inc One Trading Ltd Partnership invested in 0% or 491 shares. Aviva Public Ltd Co owns 111,098 shares for 0.04% of their portfolio. Washington Comml Bank owns 2,352 shares for 0.02% of their portfolio. Cambridge Rech Advsrs has invested 0% in Lennar Corporation (NYSE:LEN). Moreover, Plante Moran Limited Liability Company has 0.02% invested in Lennar Corporation (NYSE:LEN) for 685 shares. Etrade Cap Ltd Liability holds 0.02% or 8,246 shares in its portfolio. First Washington Corporation invested in 66,068 shares. Japan-based Daiwa Securities Gru has invested 0% in Lennar Corporation (NYSE:LEN). Baldwin Brothers Inc Ma reported 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Factory Mutual reported 863,100 shares. First Pacific Advsrs Lc owns 19,700 shares or 0.01% of their US portfolio.

Since January 2, 2018, it had 0 insider buys, and 16 insider sales for $22.28 million activity. The insider McCall Jeffrey Joseph sold $2.74 million. BOLOTIN IRVING sold $131,565 worth of stock or 2,089 shares. Shares for $1.17M were sold by JAFFE JONATHAN M on Monday, April 2. $1.30M worth of Lennar Corporation (NYSE:LEN) shares were sold by GROSS BRUCE E. OLIVERA ARMANDO J sold $156,884 worth of stock. GERARD STEVEN L sold $157,450 worth of Lennar Corporation (NYSE:LEN) on Friday, April 6.

Lennar Corp (NYSE:LEN) Rating Reaffirmed

They currently have a $56.0000 price target on Lennar Corp (NYSE:LEN). The target price by Wedbush would suggest a potential upside of 9.23 % from the company’s last stock close price. This has been disclosed in an analyst note on Wednesday, 27 June.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 16 analysts covering Lennar Corporation (NYSE:LEN), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Lennar Corporation has $99.0 highest and $56 lowest target. $75’s average target is 46.28% above currents $51.27 stock price. Lennar Corporation had 23 analyst reports since December 29, 2017 according to SRatingsIntel. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Susquehanna on Thursday, January 4. The rating was maintained by Citigroup with “Buy” on Thursday, April 5. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Thursday, January 18 by Mizuho. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Wednesday, January 10 by Keefe Bruyette & Woods. The rating was maintained by Credit Suisse with “Outperform” on Thursday, April 5. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Maxim Group on Wednesday, May 23. On Thursday, January 11 the stock rating was maintained by Credit Suisse with “Hold”. The firm earned “Outperform” rating on Tuesday, January 2 by Wells Fargo. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by J.P. Morgan on Tuesday, February 13. As per Wednesday, June 27, the company rating was maintained by Barclays Capital.

The stock increased 0.02% or $0.01 during the last trading session, reaching $51.27. About 381,269 shares traded. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 28, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $16.53 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 13.78 P/E ratio. The Company’s homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land.

More notable recent Lennar Corporation (NYSE:LEN) news were published by: Nasdaq.com which released: “Mid-Day Market Update: Crude Oil Up Over 1%; Achaogen Shares Plunge” on June 26, 2018, also Finance.Yahoo.com with their article: “Why General Electric, Puma Biotechnology, and Lennar Jumped Today” published on June 27, 2018, Streetinsider.com published: “Lennar (LEN) PT Raised to $93 at BofA/Merrill Lynch” on June 27, 2018. More interesting news about Lennar Corporation (NYSE:LEN) were released by: Seekingalpha.com and their article: “3 Numbers That Could Derail KB Home’s Next Earnings Report” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2018 Results – Earnings Call Transcript” with publication date: June 26, 2018.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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