Lennar surged to $154.81 per share this evening, but it remains 8.55% above its mean target price of $142.61. There may still be room for more downwards movement — even after today's 6.6% drop. Analysts are giving the large-cap Residential Construction stock on average rating of buy, with target prices ranging from $110.0 to $177.0 per share.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 2.86. The company's insiders own 2.4% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.7% of Lennar's shares being owned by this investor type.
Institutions Invested in Lennar
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 11% | 27,683,376 | $4,285,663,370 |
| 2023-09-30 | Blackrock Inc. | 9% | 22,027,054 | $3,410,008,175 |
| 2023-09-30 | Wellington Management Group, LLP | 5% | 13,057,938 | $2,021,499,349 |
| 2023-09-30 | State Street Corporation | 5% | 11,564,935 | $1,790,367,559 |
| 2023-09-30 | Aristotle Capital Management, LLC | 5% | 11,428,829 | $1,769,296,989 |
| 2023-09-30 | FMR, LLC | 4% | 11,261,738 | $1,743,429,632 |
| 2023-09-30 | Greenhaven Associates, Inc. | 4% | 8,982,250 | $1,390,542,100 |
| 2023-09-30 | Capital World Investors | 3% | 6,797,973 | $1,052,394,183 |
| 2023-09-30 | Manufacturers Life Insurance Co. | 3% | 6,544,345 | $1,013,130,033 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 5,546,485 | $858,651,329 |
Besides an analyst consensus of little upside potential, other market factors point to there being positive market sentiment on Lennar.
