Lennar Corporation (NYSE:LEN) stock is presently standing at about $45.14 and lots of equity research firms seem to have a target price set on the stock. And a quick view of analyst notes show that 5 are rating the stock a buy while 5 rate LEN a strong buy. There are 8 equity research firms advocating a Hold and 0 consider it Sell.
Barclays analysts provided their view on Lennar Corporation (NYSE:LEN) recently. The rating firm issued a Overweight rating to this company in a research note released on Jan 06, 2017. Raymond James analysts disclosed their opinion on Lennar Corporation (NYSE:LEN) recently. The rating firm gave a Strong Buy rating to this stock in a research note published on Oct 31, 2016. According to a research note disclosed on Oct 17, 2016, analysts at Buckingham Research have upped their rating on these shares from Neutral to Buy.
Lennar Corporation (NYSE:LEN) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Vice President/COO JAFFE JONATHAN M sold 20,000 company shares for $861000, in a transaction on 2017-01-03. Following the transaction, the Vice President/COO is left with a stake of 861 shares, currently valued at $38866. Meanwhile, Vice President/COO JAFFE JONATHAN M sold 20,000 shares worth $840000.2, through a transaction dated 2016-10-03. Following the completion of the transaction, the insider is left with a stake of 136,824 shares, amounting $6176235.36. LEN Director BOLOTIN IRVING also sold 75,228 shares, at a stock price of $33.43. This transaction occurred on 2016-07-05 totals $2514000.87. After this transaction, the insider’s stake stands at 11,559 shares, with a market value of $521773.
Executives hold 1.85 percent of the stock. Mr. Stuart A. Miller is one of the biggest insider owners in Lennar Corporation (NYSE:LEN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,111,401 shares which have current market value of around $50168641.14.Mr. Richard Beckwitt is another major inside shareholder in the company. The insider owns 1,093,297 shares as of 0.47%, currently worth $49351426.58. Mr. Bruce E. Gross is ranked as third insider holder of the stock. This insider holds 356,522 shares with a market value around $16093403.08 as of recent close.
Lennar Corporation (NYSE:LEN) Earnings Outlook
In Lennar Corporation (NYSE:LEN)’s latest quarter, EPS moved to $1.34 from $1.01 in preceding quarter and revenues reached at $3,376.63M compared to $2,833.89M. Analysts had expected Lennar Corporation (NYSE:LEN) to post net income of about $1.29 per share on $3,304.03M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.49 to $0.60. That is compared with the $0.63 in EPS it reported during the same period a year ago.