UBS Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its price objective cut by equities researchers at UBS Group from $183.00 to $164.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 39.21% from the stock’s current price.

A number of other analysts have also issued reports on LEN. Evercore ISI reiterated an “in-line” rating and issued a $131.00 price target (down previously from $159.00) on shares of Lennar in a report on Monday. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company cut their target price on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.07.

Lennar Trading Up 0.2 %

Shares of NYSE LEN opened at $117.81 on Monday. The business’s 50 day moving average price is $125.47 and its 200-day moving average price is $152.27. Lennar has a fifty-two week low of $111.26 and a fifty-two week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market cap of $31.28 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 earnings per share. On average, sell-side analysts expect that Lennar will post 12.48 earnings per share for the current year.

Institutional Trading of Lennar

Institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. lifted its stake in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after buying an additional 71 shares during the period. Armstrong Advisory Group Inc. grew its stake in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares during the period. Howard Capital Management Inc. lifted its holdings in shares of Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock worth $3,932,000 after purchasing an additional 81 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its position in Lennar by 2.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock valued at $584,000 after buying an additional 87 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.