Lennar (NYSE:LEN) Price Target Cut to $192.00 by Analysts at UBS Group

Lennar (NYSE:LEN) had its price target cut by UBS Group from $205.00 to $192.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also commented on LEN. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Barclays decreased their price objective on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company cut their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Finally, Bank Of America (Bofa) boosted 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 Friday, September 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $171.50.

Lennar Price Performance

Shares of NYSE LEN opened at $133.52 on Wednesday. The firm has a market capitalization of $36.22 billion, a P/E ratio of 8.84, a PEG ratio of 1.28 and a beta of 1.66. Lennar has a one year low of $130.91 and a one year high of $193.80. The company’s fifty day moving average is $157.96 and its two-hundred day moving average is $167.93. 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 released 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). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the prior year, the firm earned $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts forecast that Lennar will post 14.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was 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 owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lennar

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after acquiring an additional 149,812 shares during the period. Smead Capital Management Inc. boosted its stake in shares of Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after buying an additional 89,896 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after buying an additional 41,264 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after buying an additional 4,363 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Lennar by 8.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock valued at $19,022,000 after buying an additional 8,092 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.