$1.50 EPS Expected for Lennar Corporation (LEN)

Lloyd Doyle
December 6, 2017

The firm owned 563,592 shares of the construction company's stock after selling 19,591 shares during the period. The stock decreased 0.35% or $0.22 during the last trading session, reaching $62.56. During the same period in the prior year, the business earned $1.01 EPS. sell-side analysts predict that Lennar Corporation will post 4.04 EPS for the current year. It has outperformed by 3.21% the S&P500. Jpmorgan Chase Com reported 0% stake. The stock increased 1.85% or $1.16 during the last trading session, reaching $63.72. Hexavest Incorporated has 2.34M shares for 1.62% of their portfolio.

While looking at the Stock's Performance, Lennar Corporation now shows a Weekly Performance of 0.8%, where Monthly Performance is 15.54%, Quarterly performance is 26.09%, 6 Months performance is 20.41% and yearly performance percentage is 48.76%. It has outperformed by 12.19% the S&P500. It also upped Cabot Oil & Gas Corp (NYSE:COG) stake by 467,249 shares and now owns 479,167 shares. Hain Celestial Group Inc (NASDAQ:HAIN) was raised too. Therefore 100% are positive. Washington Trust Bank now owns 2,462 shares of the construction company's stock worth $131,000 after purchasing an additional 794 shares during the last quarter. As per Wednesday, October 4, the company rating was maintained by Bank of America. The firm has "Buy" rating by Citigroup given on Friday, October 20. On Tuesday, January 19 the stock rating was upgraded by Sterne Agee CRT to "Buy". The stock has "Neutral" rating by M Partners on Monday, December 21. Keefe Bruyette & Woods maintained it with "Buy" rating and $6200 target in Tuesday, June 20 report. Lennar has an average rating of "Hold" and a consensus price target of $57.93. As per Tuesday, January 19, the company rating was upgraded by Sterne Agee CRT. The count of Hold ratings in that period was 7.

Investors sentiment increased to 1.32 in Q2 2017. Its down 0.09, from 1.29 in 2017Q1. It is positive, as 12 investors sold ONB shares while 59 reduced holdings. 43 funds opened positions while 78 raised stakes. 848,500 were accumulated by Renaissance Tech Llc. Swiss State Bank accumulated 741,000 shares. Cipher Capital Ltd Partnership holds 80,713 shares or 0.34% of its portfolio. Ellington Gp Ltd Liability Corporation accumulated 5,400 shares. Foundation Asset Mgmt Lp holds 300,000 shares or 5.33% of its portfolio. Boston Private Wealth Limited Liability Company holds 87,795 shares. 85,378 are owned by Eaton Vance Mgmt. Virtu Ltd Llc holds 0.02% of its portfolio in Pandora Media, Inc.

Quantres Asset Mngmt stated it has 0.38% in Lennar Corporation (NYSE:LEN). 16,560 are held by Cibc Asset. Bb&T Securities Lc holds 103,468 shares or 0.08% of its portfolio. Smead Capital Management Inc who had been investing in Lennar Corp for a number of months, seems to be bullish on the $14.92B market cap company. 10,200 were accumulated by Menta Cap Limited. They expect $1.50 EPS, up 11.94% or $0.16 from last year's $1.34 per share. LEN's profit would be $351.21 million giving it 10.43 P/E if the $1.50 EPS is correct. Its down 0.09, from 1.29 in 2017Q1.


Among 13 analysts covering Kirby (NYSE:KEX), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 63% are positive. MKM Partners reaffirmed a "neutral" rating on shares of Lennar in a report on Tuesday, September 5th. The firm has "Neutral" rating by Credit Suisse given on Wednesday, March 30. BTIG Research maintained Lennar Corporation (NYSE:LEN) on Wednesday, October 4 with "Buy" rating. The firm has "Overweight" rating given on Thursday, April 7 by Barclays Capital. The stock has "Equal-Weight" rating by Barclays Capital on Tuesday, July 11. RBC Capital Markets maintained the stock with "Sector Perform" rating in Friday, February 12 report. As per Thursday, September 29, the company rating was initiated by Wells Fargo. It last reported revenues of $3.26 billion and EPS of $1.06 for the August 2017, representing 15% top-line growth and 1.01 EPS growth. Its up 0.36, from 0.96 in 2017Q1. It dropped, as 36 investors sold Lennar Corporation shares while 139 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in LEN.

Highwoods Properties, Inc. ((NYSE:HIW)) closed up +0.34 points or 0.67% at $50.99 with 1.1 mln shares exchanging hands. Thrivent Fin For Lutherans holds 0.19% of its portfolio in Kirby Corporation (NYSE:KEX) for 674,350 shares. 126,020 are owned by Pggm Invs. Ubs Asset Americas stated it has 2.92 million shares. Thomas J Herzfeld Advsr Incorporated holds 1.16% of its portfolio in Lennar Corporation (NYSE:LEN) for 49,500 shares.

Driving interest in Lennar Corporation (LEN) is a number of factors, including perhaps, a steady increase of the profile of the company as insider activity takes center stage. Oregon Pub Employees Retirement Fund reported 0.02% in Lennar Corporation (NYSE:LEN). Koshinski Asset reported 4,311 shares. Mcf Advsrs Ltd holds 0.06% or 5,748 shares. Metropolitan Life Ins New York, New York-based fund reported 98,416 shares.

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