Lennar Co. (NYSE:LEN) announced its quarterly earnings data on Tuesday. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The company earned $2.34 billion during the quarter, compared to the consensus estimate of $2.18 billion. Lennar had a net margin of 8.33% and a return on equity of 13.80%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS.

Lennar (NYSE:LEN) opened at 52.68 on Tuesday. The company has a market capitalization of $12.35 billion, a PE ratio of 13.39 and a beta of 1.27. The firm’s 50-day moving average price is $48.13 and its 200 day moving average price is $44.55. Lennar has a 52 week low of $39.68 and a 52 week high of $53.79.

Earnings History for Lennar (NYSE:LEN)

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Lennar by 9.8% in the third quarter. Bank of Montreal Can now owns 132,738 shares of the company’s stock valued at $5,621,000 after buying an additional 11,865 shares during the period. Trust Co boosted its position in Lennar by 3.0% in the second quarter. Trust Co now owns 7,715 shares of the company’s stock valued at $356,000 after buying an additional 225 shares during the period. Investment Management of Virginia LLC boosted its position in Lennar by 1.8% in the third quarter. Investment Management of Virginia LLC now owns 29,030 shares of the company’s stock valued at $1,229,000 after buying an additional 525 shares during the period. AT Bancorp boosted its position in Lennar by 101.9% in the third quarter. AT Bancorp now owns 139,710 shares of the company’s stock valued at $5,916,000 after buying an additional 70,526 shares during the period. Finally, Capstone Asset Management Co. boosted its position in Lennar by 2.4% in the third quarter. Capstone Asset Management Co. now owns 20,922 shares of the company’s stock valued at $886,000 after buying an additional 490 shares during the period. 79.04% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have recently commented on LEN. Royal Bank of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Lennar in a research report on Monday. Evercore ISI reaffirmed a “buy” rating and set a $55.00 price objective on shares of Lennar in a research report on Tuesday, December 13th. Barclays PLC raised their price objective on shares of Lennar from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 7th. Zacks Investment Research downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research report on Thursday, December 22nd. Finally, MKM Partners reaffirmed a “neutral” rating on shares of Lennar in a research report on Friday, December 23rd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Lennar has an average rating of “Buy” and a consensus target price of $53.81.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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