Fintel reports that on January 10, 2025, RBC Capital upgraded their outlook for Lennar (NYSE:LEN) from Underperform to Sector Perform.
Analyst Price Forecast Suggests 36.03% Upside
As of December 23, 2024, the average one-year price target for Lennar is $176.19/share. The forecasts range from a low of $131.30 to a high of $236.25. The average price target represents an increase of 36.03% from its latest reported closing price of $129.52 / share.
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The projected annual revenue for Lennar is 29,129MM, a decrease of 17.81%. The projected annual non-GAAP EPS is 10.69.
What is the Fund Sentiment?
There are 1,900 funds or institutions reporting positions in Lennar. This is an increase of 79 owner(s) or 4.34% in the last quarter. Average portfolio weight of all funds dedicated to LEN is 0.32%, an increase of 2.84%. Total shares owned by institutions increased in the last three months by 0.18% to 257,327K shares. 
The put/call ratio of LEN is 0.60, indicating a bullish outlook.
What are Other Shareholders Doing?
Aristotle Capital Management holds 10,088K shares representing 4.22% ownership of the company. In its prior filing, the firm reported owning 10,201K shares , representing a decrease of 1.12%. The firm increased its portfolio allocation in LEN by 16.44% over the last quarter.
Greenhaven Associates holds 9,087K shares representing 3.81% ownership of the company. In its prior filing, the firm reported owning 8,973K shares , representing an increase of 1.26%. The firm increased its portfolio allocation in LEN by 13.08% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,932K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 7,038K shares , representing a decrease of 1.52%. The firm increased its portfolio allocation in LEN by 15.73% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,331K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 6,285K shares , representing an increase of 0.73%. The firm increased its portfolio allocation in LEN by 15.96% over the last quarter.
Manufacturers Life Insurance Company, The holds 5,904K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 5,830K shares , representing an increase of 1.25%. The firm increased its portfolio allocation in LEN by 18.95% over the last quarter.
Lennar Background Information
(This description is provided by the company.)
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments.
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