Prime Capital Investment Advisors LLC Has $573,000 Stake in Lennar Co. (NYSE:LEN)

Prime Capital Investment Advisors LLC raised its stake in Lennar Co. (NYSE:LEN) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,842 shares of the construction company’s stock after buying an additional 1,910 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Lennar were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Lennar in the third quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Lennar during the third quarter worth about $28,000. BluePath Capital Management LLC acquired a new stake in shares of Lennar during the third quarter worth about $29,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Lennar during the second quarter worth about $46,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of Lennar by 34.3% during the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock worth $56,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of NYSE LEN opened at $156.41 on Thursday. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a 50 day moving average of $159.32 and a 200-day moving average of $140.44. The company has a market capitalization of $43.54 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.16 and a beta of 1.53.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the company posted $2.12 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts predict that Lennar Co. will post 14.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEN. StockNews.com raised Lennar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Barclays lifted their target price on Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Evercore ISI lifted their target price on Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Citigroup lifted their target price on Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.88.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.