Mount Yale Investment Advisors LLC Makes New $442,000 Investment in Lennar Co. (NYSE:LEN)

Mount Yale Investment Advisors LLC bought a new position in shares of Lennar Co. (NYSE:LEN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,951 shares of the construction company’s stock, valued at approximately $442,000.

A number of other large investors have also made changes to their positions in the stock. ProShare Advisors LLC grew its position in Lennar by 6.8% during the second quarter. ProShare Advisors LLC now owns 43,459 shares of the construction company’s stock worth $6,513,000 after buying an additional 2,769 shares during the period. Hancock Whitney Corp grew its holdings in shares of Lennar by 37.1% in the 2nd quarter. Hancock Whitney Corp now owns 72,861 shares of the construction company’s stock worth $10,920,000 after acquiring an additional 19,708 shares during the period. Summit Trail Advisors LLC increased its stake in Lennar by 9.5% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,187 shares of the construction company’s stock valued at $328,000 after purchasing an additional 190 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Lennar by 3.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 107,851 shares of the construction company’s stock worth $16,164,000 after purchasing an additional 4,019 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 2.0 %

NYSE LEN opened at $185.77 on Tuesday. The company has a 50-day moving average of $177.07 and a 200-day moving average of $164.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $193.80. The company has a market cap of $51.01 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.14 billion. During the same quarter last year, the firm posted $3.91 earnings per share. Lennar’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Lennar Co. will post 14.16 earnings per share for the current year.

Wall Street Analyst Weigh In

LEN has been the subject of several research reports. BTIG Research cut their price target on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. StockNews.com raised shares of Lennar from a “hold” rating to a “buy” rating in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research note on Thursday, June 20th. JPMorgan Chase & Co. upped their target price on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Royal Bank of Canada boosted their price target on Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and an average target price of $179.72.

About Lennar

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.