Lennar Co. (NYSE:LEN) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 16,904,141 shares, a growth of 26.8% from the November 15th total of 13,332,588 shares. Based on an average trading volume of 3,579,490 shares, the short-interest ratio is currently 4.7 days. Currently, 8.4% of the shares of the company are sold short.

Several research firms have recently commented on LEN. Mizuho lowered shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $59.00 to $53.00 in a research report on Tuesday, September 19th. MKM Partners restated a “neutral” rating on shares of Lennar in a research report on Tuesday, September 5th. BTIG Research upped their price target on shares of Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Wedbush restated a “neutral” rating and set a $54.00 price target on shares of Lennar in a research report on Thursday, September 14th. Finally, Royal Bank of Canada restated a “buy” rating and set a $64.00 price target on shares of Lennar in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Lennar currently has a consensus rating of “Hold” and a consensus price target of $58.14.

Lennar (LEN) opened at $61.40 on Friday. The stock has a market cap of $14,383.80, a PE ratio of 15.68, a P/E/G ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. Lennar has a 12-month low of $42.23 and a 12-month high of $63.94.

Lennar (NYSE:LEN) last announced its earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.25 billion. Lennar had a net margin of 6.65% and a return on equity of 12.37%. Lennar’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. equities analysts forecast that Lennar will post 4.04 earnings per share for the current fiscal year.

In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 371,043 shares in the company, valued at $22,262,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.18% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LEN. Fishman Jay A Ltd. MI acquired a new stake in Lennar in the 3rd quarter valued at about $1,771,000. Great Lakes Advisors LLC acquired a new stake in Lennar in the 2nd quarter valued at about $1,896,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Lennar by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 658,941 shares of the construction company’s stock valued at $35,135,000 after acquiring an additional 16,959 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Lennar by 7.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 5,845 shares of the construction company’s stock valued at $312,000 after acquiring an additional 415 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Lennar by 17.9% in the 2nd quarter. Victory Capital Management Inc. now owns 33,473 shares of the construction company’s stock valued at $1,785,000 after acquiring an additional 5,083 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

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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.

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