Keefe, Bruyette & Woods Issues Pessimistic Forecast for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its price target decreased by Keefe, Bruyette & Woods from $170.00 to $152.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 22.37% from the company’s current price.

Other analysts have also recently issued reports about the company. UBS Group cut their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $166.06.

Lennar Trading Up 1.2 %

Shares of LEN traded up $1.52 during midday trading on Tuesday, hitting $124.21. 1,270,571 shares of the stock were exchanged, compared to its average volume of 3,512,181. The firm has a market cap of $32.98 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.28 and a beta of 1.67. The stock has a fifty day simple moving average of $140.32 and a 200 day simple moving average of $164.32. Lennar has a 52-week low of $121.40 and a 52-week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter last year, the business posted $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts anticipate that Lennar will post 12.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. raised its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in Lennar in the 3rd quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in Lennar in the 4th quarter valued at $28,000. Finally, Wolff Wiese Magana LLC raised its holdings in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.