Ltd. boosted its position in shares of Lennar Corporation by 19.1% in the first quarter. The company reels an EPS growth for the next year at 31.18%, displaying an EPS growth of 52.00% for the past five years and an EPS value of 9.27% for the following five years. Currently, 697.38 million total shares are owned by the public and among those 688.37 million shares have been available to trade. It is negative, as 36 investors sold Lennar Corporation shares while 139 reduced holdings. Capstone Asset Management Co. now owns 59,472 shares of the construction company's stock valued at $3,171,000 after buying an additional 6,794 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Lennar Corporation in the second quarter worth $230,000. UBS AG initiated coverage on Lennar Corporation in a report on Wednesday, October 25th. The firm earned "Buy" rating on Monday, October 30 by RBC Capital Markets. Of the analysts surveyed by Reuters that track Halliburton Company 3 of them rate its stock a hold. Next Fin Group Inc Inc holds 0% in Lennar Corporation (NYSE:LEN) or 55 shares.
Bank of America Corporation raised the price target of the stock on October 4 boosting the projection from $63.00 to $65.00 and stated a "Buy" rating. Finally, MKM Partners upgraded Lennar Corporation from a neutral rating to a buy rating and set a $64.00 target price for the company in a report on Wednesday, October 4th. The other 35 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Argus reiterated a "buy" rating and set a $60.00 price objective (up from $57.00) on shares of Lennar Corporation in a report on Tuesday, July 25th.
In other Lennar Corporation news, CFO Bruce E. Gross sold 5,000 shares of the company's stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $56.48, for a total transaction of $282,400.00. Following the completion of the transaction, the chief financial officer now owns 376,043 shares in the company, valued at approximately $21,238,908.64. Amica Retiree Med Trust owns 0.05% invested in Lennar Corporation (NYSE:LEN) for 1,103 shares. About 3.92M shares traded or 0.77% up from the average. The monthly performance for Lennar Corporation is 6.56% that leads to 42.75% in its yearly performance.
Halliburton Company (HAL) knifed -0.83 percent lower and now trades for $44.21. The P/E ratio is 16.86 and the market cap of the company is 13.67B. The value of the investment in LEN.B went from $811,000 to $736,000 decreasing 9.2% quarter over quarter.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. The company's quarterly EPS surprised Wall Street by as much as 5% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
The consensus recommendation - averaging the work of 38 analysts - of 1.8 for Halliburton Company (HAL) points to bullish case. The firm's revenue for the quarter was up 15.1% on a year-over-year basis. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend. Nytimes.com's news article titled: "Lennar Makes Deal for CalAtlantic as Home Builders Face Challenges" with publication date: October 30, 2017 was also an interesting one. This represents a $2.00 annualized dividend and a dividend yield of 4.10%. Lennar Corporation's dividend payout ratio is now 4.61%.
Lennar Corporation (NYSE:LEN), stock is trading $59.32 above the 52-week high and has displayed a high EPS growth of 52.00% in last 5 years. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and global copyright & trademark law.
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company.
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.