UBS Group Cuts Lennar (NYSE:LEN) Price Target to $192.00

Lennar (NYSE:LEN) had its price objective reduced by UBS Group from $205.00 to $192.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Other research analysts also recently issued reports about the stock. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Bank of America increased their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $171.50.

Lennar Trading Down 3.0 %

Shares of LEN stock opened at $129.58 on Wednesday. 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 has a fifty-two week low of $129.36 and a fifty-two week high of $193.80. The company has a market cap of $35.15 billion, a PE ratio of 8.58, a P/E/G ratio of 1.28 and a beta of 1.66. The stock’s fifty day moving average price is $156.42 and its two-hundred day moving average price is $167.54.

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

Insider Activity

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. boosted its stake in Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after purchasing an additional 66 shares during the last quarter. Centaurus Financial Inc. boosted its position 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 valued at $551,000 after buying an additional 71 shares during the last quarter. Commerce Bank grew its holdings in Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after buying an additional 74 shares in the last quarter. Jupiter Wealth Management LLC lifted its stake in Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock valued at $1,437,000 after acquiring an additional 75 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in shares of Lennar by 5.4% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock worth $283,000 after acquiring an additional 77 shares in 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.