Ownership Action Alert: Lennar Corp (NYSE:LEN) Institutional Investor Sentiment Trend

November 28, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Action Alert: Lennar Corp (NYSE:LEN) Institutional Investor Sentiment Trend

Sentiment for Lennar Corp (NYSE:LEN)

Lennar Corp (NYSE:LEN) institutional sentiment decreased to 1.21 in 2016 Q2. Its down -0.03, from 1.24 in 2016Q1. The ratio dived, as 221 hedge funds opened new and increased positions, while 178 sold and trimmed holdings in Lennar Corp. The hedge funds in our partner’s database now have: 184.32 million shares, down from 190.30 million shares in 2016Q1. Also, the number of hedge funds holding Lennar Corp in their top 10 positions increased from 15 to 17 for an increase of 2. Sold All: 46 Reduced: 132 Increased: 160 New Position: 61.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The company has a market cap of $9.22 billion. The Company’s divisions include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. It has a 11.57 P/E ratio. The Company’s Homebuilding activities include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments.

About 921,949 shares traded hands. Lennar Corporation (NYSE:LEN) has declined 6.19% since April 25, 2016 and is downtrending. It has underperformed by 12.20% the S&P500.

Analysts await Lennar Corporation (NYSE:LEN) to report earnings on December, 16. They expect $1.27 earnings per share, up 4.96% or $0.06 from last year’s $1.21 per share. LEN’s profit will be $267.22M for 8.63 P/E if the $1.27 EPS becomes a reality. After $1.01 actual earnings per share reported by Lennar Corporation for the previous quarter, Wall Street now forecasts 25.74% EPS growth.

According to Zacks Investment Research, “Lennar Corp is one of the nation’s leading builders of quality homes for all generations, building affordable, move-up and retirement homes. Under the Lennar Family of Builders banner, the Company includes the following brand names: Lennar Homes, U.S. Home, Greystone Homes, Village Builders, Renaissance Homes, Orrin Thompson Homes, Lundgren Bros., Winncrest Homes, Sunstar Communities, Don Galloway Homes, Patriot Homes, NuHome, Barry Andrews Homes, Concord Homes, Summit Homes, Cambridge Homes, Seppala Homes, Genesee and Rutenberg Homes.”

Capital Growth Management Lp holds 11.27% of its portfolio in Lennar Corporation for 5.48 million shares. Element Capital Management Llc owns 1.09 million shares or 7.6% of their US portfolio. Moreover, Taube Hodson Stonex Partners Llp has 7.35% invested in the company for 777,790 shares. The California-based Oakmont Corp has invested 5.63% in the stock. Morgens Waterfall Vintiadis & Co Inc, a New York-based fund reported 114,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $4.28 million net activity.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Ratings analysis reveals 61% of Lennar’s analysts are positive. Out of 18 Wall Street analysts rating Lennar, 11 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $45 while the high is $60.0. The stock’s average target of $53 is 20.95% above today’s ($43.82) share price. LEN was included in 24 notes of analysts from September 22, 2015. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. Barclays Capital maintained it with “Overweight” rating and $56 target price in Wednesday, March 30 report. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 21 report. Keefe Bruyette & Woods maintained Lennar Corporation (NYSE:LEN) rating on Wednesday, September 21. Keefe Bruyette & Woods has “Outperform” rating and $55 price target. M Partners maintained the shares of LEN in a report on Monday, December 21 with “Neutral” rating. The firm has “Positive” rating given on Wednesday, March 30 by Susquehanna. On Tuesday, January 19 the stock rating was upgraded by Sterne Agee CRT to “Buy”. RBC Capital Markets maintained Lennar Corporation (NYSE:LEN) rating on Wednesday, September 21. RBC Capital Markets has “Outperform” rating and $55 price target. The stock has “Positive” rating given by Susquehanna on Wednesday, January 20. The rating was maintained by Credit Suisse with “Neutral” on Monday, February 8.

LEN Company Profile

Lennar Corporation, incorporated on October 6, 1991, is a homebuilder that operates in various states with deliveries of approximately 24,290 new homes. The Company’s divisions include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. The Company’s Homebuilding activities include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which it has investments. The Lennar Financial Services segment activities include mortgage financing, title insurance and closing services for its homebuyers and others. The Rialto segment activities include commercial real estate, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in select the United States markets.

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By Adrian Mccoy


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