Lennar (NYSE:LEN) Stock Rating Lowered by The Goldman Sachs Group

Lennar (NYSE:LEN) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $174.00 target price on the construction company’s stock, down from their prior target price of $180.00. The Goldman Sachs Group’s price target would indicate a potential upside of 0.76% from the stock’s current price.

Several other research analysts also recently weighed in on LEN. JPMorgan Chase & Co. dropped their target price on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. StockNews.com raised shares of Lennar from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Evercore ISI upped their target price on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Argus upped their target price on shares of Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, BTIG Research dropped their target price on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and an average target price of $167.88.

Lennar Trading Up 0.1 %

NYSE:LEN opened at $172.69 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.60. Lennar has a one year low of $102.90 and a one year high of $177.79. The business has a fifty day moving average price of $155.76 and a 200-day moving average price of $156.44.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.57 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. Sell-side analysts forecast that Lennar will post 14.24 EPS for the current year.

Insider Activity at Lennar

In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the transaction, the executive vice president now owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Mark Sustana sold 9,176 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total value of $1,512,938.88. Following the sale, the vice president now directly owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the sale, the executive vice president now directly owns 128,629 shares in the company, valued at $20,927,938.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,176 shares of company stock valued at $4,841,039. Insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Institutional investors have recently modified their holdings of the stock. Integrated Advisors Network LLC increased its position in shares of Lennar by 177.3% during the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after acquiring an additional 19,985 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Lennar by 331.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock worth $2,069,000 after acquiring an additional 9,246 shares during the period. Grayhawk Investment Strategies Inc. purchased a new position in shares of Lennar during the fourth quarter worth approximately $838,000. Coastline Trust Co increased its position in shares of Lennar by 80.8% during the fourth quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock worth $3,654,000 after acquiring an additional 10,957 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Lennar during the first quarter worth approximately $5,592,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Company Profile

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.