Capital Advisory Group Advisory Services LLC Makes New $2 Million Investment in Lennar Corporation $LEN

Capital Advisory Group Advisory Services LLC purchased a new position in shares of Lennar Corporation (NYSE:LEN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 15,900 shares of the construction company’s stock, valued at approximately $2,004,000.

A number of other institutional investors have also made changes to their positions in LEN. Viking Global Investors LP boosted its position in Lennar by 86.7% during the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock worth $279,135,000 after purchasing an additional 1,172,068 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Lennar during the 2nd quarter worth $25,440,000. River Road Asset Management LLC grew its stake in Lennar by 86.1% in the 2nd quarter. River Road Asset Management LLC now owns 443,477 shares of the construction company’s stock valued at $49,749,000 after buying an additional 205,234 shares during the last quarter. Aviva PLC raised its holdings in Lennar by 1,656.1% in the 2nd quarter. Aviva PLC now owns 155,626 shares of the construction company’s stock worth $17,214,000 after acquiring an additional 146,764 shares during the period. Finally, Truist Financial Corp lifted its position in Lennar by 130.6% during the 2nd quarter. Truist Financial Corp now owns 214,314 shares of the construction company’s stock worth $23,705,000 after acquiring an additional 121,390 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Trading Down 3.0%

LEN stock opened at $118.57 on Monday. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $144.24. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $116.98 and its 200-day moving average is $121.70. The firm has a market cap of $30.24 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.37 and a beta of 1.42.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the firm earned $4.03 EPS. Lennar’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Evercore ISI downgraded Lennar from an “in-line” rating to an “underperform” rating and lowered their price target for the company from $114.00 to $92.00 in a research report on Thursday, December 18th. JMP Securities raised their target price on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Keefe, Bruyette & Woods cut their price target on Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday, December 18th. Citigroup dropped their target price on shares of Lennar from $133.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada set a $88.00 price target on shares of Lennar in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Reduce” and an average price target of $106.38.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.