Deseret Mutual Benefit Administrators Sells 363 Shares of Lennar Co. (NYSE:LEN)

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Deseret Mutual Benefit Administrators cut its stake in shares of Lennar Co. (NYSE:LEN) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,410 shares of the construction company’s stock after selling 363 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Lennar were worth $132,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Samalin Investment Counsel LLC bought a new position in shares of Lennar during the 2nd quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in shares of Lennar during the 2nd quarter valued at approximately $25,000. Castleview Partners LLC bought a new position in Lennar in the 2nd quarter worth approximately $40,000. Evermay Wealth Management LLC bought a new position in Lennar in the 2nd quarter worth approximately $41,000. Finally, Heritage Wealth Advisors bought a new position in Lennar in the 2nd quarter worth approximately $42,000. Institutional investors own 81.64% of the company’s stock.

Several research firms have weighed in on LEN. BTIG Research upped their price target on Lennar from $127.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, September 22nd. The Goldman Sachs Group upgraded Lennar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $108.00 to $140.00 in a research note on Wednesday, December 1st. JPMorgan Chase & Co. dropped their price target on Lennar from $143.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, October 14th. Raymond James upped their price target on Lennar from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 21st. Finally, Royal Bank of Canada upped their price objective on Lennar from $100.00 to $102.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 22nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $125.75.

NYSE:LEN opened at $115.25 on Friday. The stock’s fifty day moving average is $108.46 and its 200 day moving average is $103.24. Lennar Co. has a fifty-two week low of $71.52 and a fifty-two week high of $117.54. The firm has a market capitalization of $35.67 billion, a PE ratio of 8.07, a PEG ratio of 1.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 9.56.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 15th. The construction company reported $3.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.15 by ($0.24). Lennar had a net margin of 16.33% and a return on equity of 19.45%. During the same period in the previous year, the business posted $2.82 EPS. Equities analysts forecast that Lennar Co. will post 15.6 EPS for the current year.

Lennar Profile

Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other.

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