Lennar (NYSE:LEN) Hits New 1-Year Low – Here’s Why

Lennar Co. (NYSE:LEN)’s stock price reached a new 52-week low on Monday . The company traded as low as $128.41 and last traded at $129.16, with a volume of 118239 shares changing hands. The stock had previously closed at $129.56.

Analysts Set New Price Targets

LEN has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. JMP Securities lifted their price objective on Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 25th. Evercore ISI reduced their target price on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $171.50.

Lennar Trading Up 0.3 %

The firm has a fifty day moving average of $156.42 and a 200-day moving average of $167.80. The stock has a market capitalization of $35.24 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90.

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

Insider Buying and Selling

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC raised its stake in Lennar by 933.3% during 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. bought a new position in Lennar during the 3rd quarter worth approximately $30,000. Asset Dedication LLC grew 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 worth $32,000 after acquiring an additional 169 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Lennar in the 4th quarter valued at approximately $32,000. 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.