Lennar (NYSE:LEN) PT Set at $60.00 by Wedbush

Jeannie Matthews
January 13, 2018

Other analysts also recently issued reports about the company. The firm has "Outperform" rating by Raymond James given on Monday, June 27. The stock of Nelnet, Inc. As per Tuesday, March 22, the company rating was initiated by Evercore. (NASDAQ:MOBL) on Friday, July 15 to "Underweight" rating.

Ruffer Llp decreased its stake in Lennar Corp (LEN) by 62.17% based on its latest 2017Q3 regulatory filing with the SEC.

The stock of First Trust NASDAQ Technology Div ETF (TDIV) formed an up wedge with $37.52 target or 4.00 % above today's $36.07 share price. Lennar Corp Cl A now has $15.96B valuation. About 1.82 million shares traded.

Among 24 analysts covering Lennar (NYSE:LEN), 16 have Buy rating, 0 Sell and 8 Hold. It has outperformed by 9.61% the S&P500. The company has market cap of $7.20 billion. It has a 20.52 P/E ratio. This segment also provides software and data center, borrower and loan updates, default aversion tracking, claim processing, and post-default collection services for guarantee agencies; and contact center solutions, as well as licenses student loan servicing software to third-party student loan holders and servicers. The company had a trading volume of 3,791,973 shares, compared to its average volume of 3,750,000. Advisors Asset Management Inc. now owns 8,913 shares of the construction company's stock valued at $475,000 after purchasing an additional 135 shares during the period. It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.01, from 0.87 in 2017Q2. 11 funds opened positions while 33 raised stakes. Dimensional Fund Advisors Limited Partnership reported 1.34 million shares stake.

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Lennar shares have climbed slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 3 percent. Voya Invest Mgmt Ltd Liability Co reported 0% stake. Waratah Cap Advisors Ltd stated it has 4,636 shares or 0.03% of all its holdings. (NYSE:SYX) or 28,000 shares. Pggm holds 0.03% or 128,925 shares. (NYSE:NNI) for 7 shares. Sg Americas Securities invested in 80,200 shares or 0.04% of the stock. Smithfield Tru invested 0% of its portfolio in Revlon, Inc. (NYSE:NNI). D E Shaw And Company accumulated 21,026 shares. Deutsche Savings Bank Ag reported 0% of its portfolio in Revlon, Inc. Invesco Limited has invested 0% in Nelnet, Inc. $1.20 million worth of Systemax Inc. Amalgamated Fincl Bank holds 22,921 shares or 0.04% of its portfolio. (NYSE:NNI) for 592 shares. 3,659 shares were sold by Murdock Daniel C., worth $144,915 on Monday, August 7. The insider Munn William J sold $50,000. Goldman Sachs Gru invested in 1.88M shares. Its down 0.28, from 1.2 in 2017Q2. It worsened, as 44 investors sold LEN shares while 148 reduced holdings. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share. 87,333 were accumulated by California Public Employees Retirement. Moreover, Bnp Paribas Asset Management Holding Sa has 0% invested in Lennar Corporation (NYSE:LEN) for 3,809 shares.

Wedbush boosted their Q1 2018 earnings estimates for shares of Lennar in a report released on Wednesday. Hirtle Callaghan Ltd Liability reported 25,246 shares. Northpointe Ltd Company holds 0.21% or 51,929 shares. Smith Thomas W holds 1.93% or 76,500 shares in its portfolio. Liberty Mutual Gp Asset Mngmt owns 8,882 shares. Elm Advsrs Limited Liability Company holds 13,233 shares. Horizon Kinetics Lc has 10,558 shares. Hap Trading has 91,633 shares for 0.23% of their portfolio. Iowa-based Principal Fin Grp has invested 0.14% in Lennar Corporation (NYSE:LEN).

Since October 2, 2017, it had 0 insider buys, and 3 sales for $3.18 million activity.

In related news, COO Jonathan M. Jaffe sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, January 2nd. $847,200 worth of Lennar Corporation (NYSE:LEN) was sold by GROSS BRUCE E. The hedge fund held 3.00 million shares of the consumer non-durables company at the end of 2017Q3, valued at $73.66 million, up from 2.30 million at the end of the previous reported quarter. Nationwide Fund owns 57,319 shares. Medtronic Plc (NYSE:MDT) was raised too. Therefore 67% are positive. Royal Bank of Canada reissued a "buy" rating and issued a $64.00 target price on shares of Lennar in a report on Monday, September 25th. On Monday, December 21 the stock rating was maintained by M Partners with "Neutral". Wedbush maintained Lennar Corporation (NYSE:LEN) on Wednesday, January 3 with "Hold" rating. They set a "buy" rating for the company. The company was maintained on Thursday, October 19 by Keefe Bruyette & Woods. Finally, Bank of America raised their price target on Lennar from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, October 4th. The rating was maintained by KeyBanc Capital Markets with "Hold" on Tuesday, October 31. Susquehanna maintained Lennar Corporation (NYSE:LEN) rating on Thursday, January 4.

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