Lennar Corp. (NYSE:LEN)‘s stock had its “outperform” rating reaffirmed by FBR & Co in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Lennar Corp. from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday. RBC Capital Markets reaffirmed a “buy” rating and set a $55.00 target price on shares of Lennar Corp. in a research note on Wednesday. Royal Bank Of Canada cut their target price on shares of Lennar Corp. from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup Inc. cut their target price on shares of Lennar Corp. from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wedbush began coverage on shares of Lennar Corp. in a research note on Monday. They set a “neutral” rating and a $46.00 target price for the company. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.19.

Shares of Lennar Corp. (NYSE:LEN) traded down 1.61% during trading on Wednesday, hitting $42.80. 2,209,801 shares of the stock traded hands. The stock has a market cap of $9.38 billion, a PE ratio of 11.43 and a beta of 1.37. The firm’s 50-day moving average price is $46.34 and its 200-day moving average price is $46.48. Lennar Corp. has a 12 month low of $37.14 and a 12 month high of $52.50.

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Lennar Corp. (NYSE:LEN) last posted its earnings results on Tuesday, September 20th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The company earned $2.83 billion during the quarter. Lennar Corp. had a net margin of 8.52% and a return on equity of 14.41%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. Analysts anticipate that Lennar Corp. will post $3.82 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. raised its stake in Lennar Corp. by 5.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,404 shares of the company’s stock valued at $7,371,000 after buying an additional 7,382 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Lennar Corp. by 18.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,073 shares of the company’s stock valued at $1,986,000 after buying an additional 6,298 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Lennar Corp. by 9.3% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 43,853 shares of the company’s stock valued at $2,121,000 after buying an additional 3,722 shares in the last quarter. Aperio Group LLC raised its stake in Lennar Corp. by 7.1% in the first quarter. Aperio Group LLC now owns 111,846 shares of the company’s stock valued at $5,409,000 after buying an additional 7,462 shares in the last quarter. Finally, Ngam Advisors L.P. raised its stake in Lennar Corp. by 52.2% in the first quarter. Ngam Advisors L.P. now owns 123,554 shares of the company’s stock valued at $5,975,000 after buying an additional 42,377 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

About Lennar Corp.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. 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.

5 Day Chart for NYSE:LEN

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