5 Best Home Builder Stocks To Buy Now

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1. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Shareholders: 51

While Lennar Corporation (NYSE:LEN) is well off its all-time high in terms of hedge fund ownership, the company nonetheless remains the most popular homebuilder among the smart money. Edgar Wachenheim’s Greenhaven Associates remained Lennar’s top shareholder for the 19th straight quarter, owning over 9.1 million shares. LEN also ranks as the firm’s top stock pick, with the fund having 14.8% 13F exposure to the stock.

Lennar Corporation (NYSE:LEN) is projecting between 16,000 and 17,000 new orders in its fiscal Q2 and noted that cancellations and pricing were both stabilizing throughout Q1. The company is also focused on reducing costs and returning more money to shareholders and is exploring options like 3D printing of materials in an effort to deliver more homes.

BTIG has a $120 price target on Lennar Corporation (NYSE:LEN), up from $116 previously, and a ‘Buy’ rating on the stock. The firm likes the fact that the company is prioritizing the pace of building over price, noting that Lennar is already a price leader in many of the markets it operates in.

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