Lennar Sees Unusually Large Options Volume (LEN)
Lennar Co. (NYSE:LEN) was the target of unusually large options trading on Tuesday. Stock investors purchased 2,587 put options on the company. This represents an increase of approximately 2,111% compared to the typical volume of 117 put options.
Lennar (LEN) opened at $61.14 on Friday. The company has a market capitalization of $14,190.00, a P/E ratio of 15.75, a PEG ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar has a one year low of $42.23 and a one year high of $63.94.
Lennar (NYSE:LEN) last released its earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. sell-side analysts anticipate that Lennar will post 4.04 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after buying an additional 155 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Lennar by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after buying an additional 530 shares during the last quarter. QS Investors LLC boosted its stake in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after buying an additional 25 shares during the last quarter. MUFG Americas Holdings Corp boosted its stake in shares of Lennar by 7.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after buying an additional 220 shares during the last quarter. Finally, Chartist Inc. CA purchased a new position in shares of Lennar during the 2nd quarter valued at approximately $200,000. Institutional investors own 81.34% of the company’s stock.
A number of equities analysts have weighed in on LEN shares. Royal Bank of Canada restated a “buy” rating and issued a $64.00 price target on shares of Lennar in a report on Monday, September 25th. MKM Partners upgraded Lennar from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday, October 4th. Zacks Investment Research upgraded Lennar from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Friday, September 15th. Bank of America upped their price target on Lennar from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, BTIG Research upped their price target on Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $58.14.
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.
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