Lennar (NYSE:LEN) Price Target Cut to $237.00

Lennar (NYSE:LEN) had its target price decreased by Evercore ISI from $238.00 to $237.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price target indicates a potential upside of 59.36% from the stock’s current price.

LEN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a report on Thursday, March 14th. Royal Bank of Canada reduced their target price on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group increased their target price on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $166.73.

Lennar Stock Down 5.0 %

LEN stock opened at $148.72 on Thursday. The stock has a market cap of $41.39 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.39 and a beta of 1.56. The company has a current ratio of 4.93, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $156.90 and its two-hundred day simple moving average is $154.82. Lennar has a 1-year low of $102.90 and a 1-year high of $172.59.

Insider Activity

In related news, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Mark Sustana sold 9,176 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares in the company, valued at $2,764,707.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction dated Wednesday, April 10th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 29,176 shares of company stock valued at $4,841,039. 9.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lennar

Several hedge funds have recently bought and sold shares of LEN. Integrated Advisors Network LLC lifted its stake in shares of Lennar by 177.3% in the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after buying an additional 19,985 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in shares of Lennar in the fourth quarter worth $838,000. Coastline Trust Co lifted its holdings in shares of Lennar by 80.8% during the fourth quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock valued at $3,654,000 after purchasing an additional 10,957 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Lennar by 53.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company’s stock valued at $5,056,000 after buying an additional 11,851 shares during the last quarter. Finally, Warther Private Wealth LLC bought a new stake in Lennar in the 4th quarter worth about $3,356,000. 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.