Lennar Co. (NYSE:LEN) Receives Consensus Rating of “Hold” from Brokerages

Lennar Co. (NYSE:LEN) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $171.50.

A number of research analysts have recently weighed in on LEN shares. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Bank of America increased their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Citigroup reduced their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group reduced their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, UBS Group reduced their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday.

Lennar Trading Down 3.0 %

NYSE:LEN opened at $129.58 on Friday. 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 firm has a market cap of $35.15 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. Lennar has a 52 week low of $129.36 and a 52 week high of $193.80. The firm has a 50-day moving average price of $156.42 and a two-hundred day moving average price of $167.67.

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

Insider Buying and Selling at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $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 is available at this link. Insiders own 9.36% of the company’s stock.

Institutional Trading of Lennar

Several institutional investors and hedge funds have recently made changes to their positions in LEN. D1 Capital Partners L.P. raised its position in shares of Lennar by 428.9% during the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after buying an additional 1,962,447 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Lennar during the 3rd quarter valued at $115,229,000. Nordea Investment Management AB raised its position in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares during the period. Pacer Advisors Inc. raised its position in Lennar by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares during the period. Finally, KBC Group NV raised its position in Lennar by 258.3% in the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after purchasing an additional 356,731 shares during the period. Hedge funds and other 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.