Are Analysts Bearish Lennar Corporation (NYSE:LEN) After Last Week?

May 19, 2018 - By Vivian Park

Lennar Corporation (NYSE:LEN) LogoInvestors sentiment increased to 1.25 in 2017 Q4. Its up 0.33, from 0.92 in 2017Q3. It increased, as 41 investors sold Lennar Corporation shares while 139 reduced holdings. 85 funds opened positions while 140 raised stakes. 207.37 million shares or 10.41% more from 187.83 million shares in 2017Q3 were reported.
Advisory Serv Limited Liability Company has invested 0% of its portfolio in Lennar Corporation (NYSE:LEN). Carroll Fincl Associate reported 57 shares stake. Prudential Fin owns 471,684 shares. Manufacturers Life Insurance Com The holds 0.47% of its portfolio in Lennar Corporation (NYSE:LEN) for 6.95 million shares. Millennium Mgmt Ltd Llc holds 2.22M shares or 0.19% of its portfolio. Royal National Bank & Trust Of Canada holds 642,297 shares or 0.02% of its portfolio. Liberty Mutual Grp Asset Inc holds 0.01% or 8,098 shares. Argent Tru holds 0.12% in Lennar Corporation (NYSE:LEN) or 7,234 shares. Fund Evaluation Grp Ltd Co invested 0.2% of its portfolio in Lennar Corporation (NYSE:LEN). Strs Ohio, a Ohio-based fund reported 21,768 shares. Hsbc Holdg Public Limited Com accumulated 0.03% or 303,038 shares. Whittier Trust Co accumulated 378 shares. Pitcairn Communications holds 3,392 shares. Zacks Investment Mngmt has 0.01% invested in Lennar Corporation (NYSE:LEN) for 6,001 shares. Mitsubishi Ufj Tru Banking accumulated 471,487 shares or 0.05% of the stock.

Since January 2, 2018, it had 0 buys, and 15 selling transactions for $19.70 million activity. SUSTANA MARK sold $8.69M worth of stock or 125,000 shares. $1.30M worth of Lennar Corporation (NYSE:LEN) was sold by GROSS BRUCE E on Wednesday, January 17. SONNENFELD JEFFREY sold $131,943 worth of stock. 10,000 shares were sold by BESSETTE DIANE J, worth $695,000. GERARD STEVEN L sold $157,450 worth of Lennar Corporation (NYSE:LEN) on Friday, April 6. 50,888 Lennar Corporation (NYSE:LEN) shares with value of $2.74M were sold by McCall Jeffrey Joseph.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 14 analysts covering Lennar Corp (NYSE:LEN), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Lennar Corp had 19 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 5 by Citigroup. Argus Research maintained the stock with “Buy” rating in Thursday, March 1 report. The rating was upgraded by Barclays Capital to “Buy” on Wednesday, February 7. The stock of Lennar Corporation (NYSE:LEN) has “Overweight” rating given on Tuesday, February 13 by JP Morgan. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Credit Suisse on Monday, January 22. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, January 17. As per Tuesday, February 13, the company rating was upgraded by J.P. Morgan. As per Friday, February 23, the company rating was upgraded by Evercore. Deutsche Bank maintained it with “Hold” rating and $65 target in Tuesday, April 10 report. Below is a list of Lennar Corporation (NYSE:LEN) latest ratings and price target changes.

10/04/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $68 New Target: $65 Maintain
05/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $73 Maintain
05/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $81 New Target: $78 Maintain
21/03/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $75.0 Maintain
01/03/2018 Broker: Argus Research Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $70 Maintain
23/02/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
13/02/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
13/02/2018 Broker: J.P. Morgan Rating: Buy New Target: $77.0 Upgrade
07/02/2018 Broker: Barclays Capital Rating: Buy New Target: $72.0 Upgrade
22/01/2018 Broker: Credit Suisse Rating: Buy Upgrade

The stock increased 1.42% or $0.73 during the last trading session, reaching $52.03. About 2.52M shares traded. Lennar Corporation (NYSE:LEN) has risen 17.08% since May 19, 2017 and is uptrending. It has outperformed by 5.53% the S&P500.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $16.75 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 13.98 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.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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