UBS Group Lowers Lennar (NYSE:LEN) Price Target to $205.00

Lennar (NYSE:LEN) had its price objective reduced by stock analysts at UBS Group from $225.00 to $205.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 48.99% from the company’s previous close.

LEN has been the subject of several other research reports. JMP Securities boosted their price objective on Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Wednesday, September 25th. Barclays decreased their price target on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday. Bank of America upped their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $175.94.

Lennar Stock Down 0.6 %

Shares of Lennar stock traded down $0.81 during trading on Friday, reaching $137.59. 675,185 shares of the company traded hands, compared to its average volume of 2,071,504. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The firm has a market capitalization of $37.32 billion, a PE ratio of 9.11, a P/E/G ratio of 1.31 and a beta of 1.61. The company has a 50 day moving average price of $169.78 and a 200-day moving average price of $169.58. Lennar has a 1-year low of $135.21 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the company earned $4.82 EPS. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Lennar will post 14.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennar

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Lennar by 1.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock valued at $1,106,798,000 after buying an additional 73,638 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after acquiring an additional 396,951 shares in the last quarter. Smead Capital Management Inc. boosted its holdings in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after acquiring an additional 89,896 shares during the period. D1 Capital Partners L.P. grew its position in shares of Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after purchasing an additional 1,962,447 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Lennar by 20.9% during the 2nd quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after purchasing an additional 348,553 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

About Lennar

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.