Lennar Co. (NYSE:LEN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lennar Co. (NYSE:LEN) have earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $171.50.

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price target 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. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective for the company in a research report on Friday.

Lennar Trading Down 3.0 %

Shares of LEN stock opened at $129.58 on Friday. Lennar has a 12-month low of $129.36 and a 12-month 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. The company has a market capitalization of $35.15 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 analyst estimates of $10.06 billion. During the same quarter in the previous year, the firm posted $4.82 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts predict that Lennar will post 14.11 earnings per share for the current year.

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated 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 transaction, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.36% of the company’s stock.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently made changes to their positions in the business. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Lennar in the 3rd quarter worth about $30,000. Asset Dedication LLC raised its holdings in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the 4th quarter worth about $32,000. Institutional investors and hedge funds 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.