Brighton Jones LLC Has $238,000 Stock Position in Lennar Co. (NYSE:LEN)

Brighton Jones LLC increased its holdings in Lennar Co. (NYSE:LEN) by 8.3% during the second quarter, HoldingsChannel reports. The fund owned 1,587 shares of the construction company’s stock after acquiring an additional 121 shares during the quarter. Brighton Jones LLC’s holdings in Lennar were worth $238,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Boston Partners raised its stake in shares of Lennar by 21.5% in the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after purchasing an additional 4,207 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in Lennar by 177.3% in the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after acquiring an additional 19,985 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Lennar by 331.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after purchasing an additional 9,246 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in Lennar during the 4th quarter worth about $838,000. Finally, Norden Group LLC purchased a new stake in shares of Lennar in the 1st quarter valued at about $5,592,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the subject of a number of recent research reports. BTIG Research dropped their target price on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Bank Of America (Bofa) upped their price target on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Bank of America upped their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Lennar has a consensus rating of “Hold” and an average target price of $174.61.

Lennar Trading Down 5.3 %

LEN opened at $182.19 on Monday. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $193.80. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $176.53 and its two-hundred day moving average is $164.01. The company has a market capitalization of $50.03 billion, a P/E ratio of 12.39, a PEG ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. During the same period in the prior year, the business earned $3.91 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Lennar Co. will post 14.16 earnings per share for the current year.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.