The Goldman Sachs Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its target price lowered by analysts at The Goldman Sachs Group from $190.00 to $162.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 17.32% from the stock’s previous close.

LEN has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Citigroup boosted their price target on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. UBS Group reduced their price objective on Lennar from $225.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $164.00 price target on shares of Lennar in a research report on Thursday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $175.19.

Lennar Stock Performance

NYSE:LEN opened at $138.08 on Monday. Lennar has a 1-year low of $135.21 and a 1-year high of $193.80. The firm has a 50 day simple moving average of $168.98 and a 200-day simple moving average of $169.51. The firm has a market cap of $37.45 billion, a PE ratio of 9.14, a P/E/G ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98.

Lennar (NYSE:LEN) last issued its quarterly earnings results 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). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.82 earnings per share. On average, equities analysts expect that Lennar will post 14.11 EPS for the current year.

Insider Activity at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.36% of the company’s stock.

Institutional Investors Weigh In On Lennar

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. bought a new stake in shares of Lennar in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC increased its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Lennar during the 3rd quarter valued at $30,000. Asset Dedication LLC boosted its position in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Finally, DT Investment Partners LLC boosted its holdings in shares of Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after buying an additional 157 shares during the period. 81.10% of the stock is currently owned by 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.