Lennar (NYSE:LEN) Lifted to Outperform at Zelman & Associates

Zelman & Associates upgraded shares of Lennar (NYSE:LEN) from a neutral rating to an outperform rating in a report published on Monday, MarketBeat Ratings reports.

Other equities analysts have also recently issued research reports about the company. Evercore ISI boosted their price objective on Lennar from $237.00 to $240.00 and gave the stock an outperform rating in a research report on Monday, July 15th. The Goldman Sachs Group downgraded shares of Lennar from a buy rating to a neutral rating and lowered their price objective for the stock from $180.00 to $174.00 in a research note on Monday, July 22nd. Bank of America upped their target price on shares of Lennar from $171.00 to $190.00 and gave the company a neutral rating in a research note on Thursday, September 19th. BTIG Research decreased their price target on shares of Lennar from $177.00 to $175.00 and set a buy rating on the stock in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lennar from $157.00 to $154.00 and set a neutral rating for the company in a research report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $181.94.

Lennar Stock Down 1.3 %

LEN opened at $181.86 on Monday. The firm has a market cap of $49.94 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The business has a 50 day moving average price of $177.36 and a 200 day moving average price of $164.30. Lennar has a twelve month low of $102.90 and a twelve month high of $193.80.

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

Hedge Funds Weigh In On Lennar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lakewood Asset Management LLC boosted its holdings in shares of Lennar by 0.8% in the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after acquiring an additional 70 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Lennar by 1.5% in the second quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock worth $730,000 after purchasing an additional 73 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Lennar by 5.7% during the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after purchasing an additional 74 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Lennar by 5.0% in the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock valued at $231,000 after buying an additional 74 shares in the last quarter. Finally, BBR Partners LLC lifted its position in Lennar by 3.4% during the 2nd quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock worth $364,000 after buying an additional 79 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.