Lennar (NYSE:LEN) Rating Lowered to Hold at StockNews.com

Lennar (NYSE:LEN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company lifted their price target on Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Barclays increased their price target on shares of Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. The Goldman Sachs Group downgraded shares of Lennar from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $180.00 to $174.00 in a research report on Monday, July 22nd. Argus increased their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, Keefe, Bruyette & Woods increased their price objective on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $181.94.

Lennar Price Performance

LEN stock opened at $187.03 on Friday. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $178.25 and a two-hundred day moving average of $164.70. Lennar has a 52-week low of $102.90 and a 52-week high of $193.80. The stock has a market cap of $51.36 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.71 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the previous year, the business posted $3.91 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Lennar will post 14.13 earnings per share for the current year.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently bought and sold shares of LEN. Boston Partners increased its stake in Lennar by 21.5% in the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock valued at $4,089,000 after purchasing an additional 4,207 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of Lennar by 177.3% in 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 last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in 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 purchasing an additional 9,246 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of Lennar in the 4th quarter valued at $838,000. Finally, Norden Group LLC purchased a new stake in shares of Lennar during the 1st quarter valued at $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.