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Shares of Lennar Co. (NYSE:LEN) have an average recommendation of “Hold” by multiple research firms, with two sell ratings, six holds, and ten buys. The average target price for Lennar is $140.53. Insiders have sold 67,304 shares of company stock valued at over $9 million in the last 90 days. Hedge funds and institutional investors own 79.87% of the company’s stock. LEN stock opened at $147.46 on Wednesday, and Lennar last reported quarterly earnings of $4.82 per share, surpassing estimates. Revenue for the quarter was $10.97 billion.

Notable analyst ratings for Lennar include Goldman Sachs Group boosting their price target to $158.00 and assigning a “buy” rating, Jefferies Financial Group with a $117.00 price objective and a “hold” rating, Barclays raising their price target to $165.00 and an “overweight” rating, and Raymond James boosting their price target to $165.00 with an “outperform” rating. Additionally, VP Mark Sustana sold 37,304 shares of Lennar stock at an average price of $146.38, totaling over $5 million, while Director Amy Banse acquired 920 shares at an average cost of $108.71 per share, totaling over $100,000.

Lennar Corporation operates as a homebuilder primarily under the Lennar brand in the U.S. It operates through various segments including Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other. The company engages in the construction and sale of single-family attached and detached homes, residential land purchase, development, and sale, as well as the development, construction, and management of multifamily rental properties.

The stock price for Lennar (NYSE:LEN) is at $147.46, with a 1 year low of $90.74 and high of $156.01. The market cap is $41.93 billion, with a PE ratio of 10.72 and a beta of 1.56. The company posted $4.82 earnings per share for the quarter, beating analysts’ estimates, with revenue of $10.97 billion. Market analysts anticipate Lennar to report a total earnings of 14.38 per share for the current fiscal year.

Hedge funds and institutional investors own 79.87% of Lennar’s stock, with First Trust Advisors LP, Bank Julius Baer & Co. Ltd Zurich, Alyeska Investment Group L.P., AQR Capital Management LLC, and Duquesne Family Office LLC making notable changes to their holdings. TextStyle=”font-size: 1.05em;” Before considering Lennar for investment, compare advisory ratings, company financials, and other data to make an informed decision. “Hold” ratings for Lennar are outweighed by the favorable price targets and ratings from top-rated analysts. Keep track of Wall Street’s high-performing stocks before making investment decisions. If you’re a new investor, consider simple, long-term wealth-building stocks to start.



Read more: Lennar Co. (NYSE:LEN) Given Consensus Rating of “Hold” by Analysts