Lennar (NYSE:LEN) Cut to “Sell” at StockNews.com

Lennar (NYSE:LEN) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research analysts also recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Bank of America dropped their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday. Wedbush reissued a “neutral” rating and issued a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Finally, Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $151.07.

Lennar Stock Down 3.5 %

Shares of NYSE LEN opened at $113.83 on Friday. The company has a market cap of $30.22 billion, a P/E ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. The firm has a 50-day simple moving average of $124.05 and a two-hundred day simple moving average of $151.33. Lennar has a 1 year low of $111.26 and a 1 year high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.57 EPS. Research analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lennar by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,431 shares of the construction company’s stock valued at $27,878,000 after purchasing an additional 1,515 shares during the last quarter. Centaurus Financial Inc. raised its stake in Lennar by 7.2% in the fourth quarter. Centaurus Financial Inc. now owns 3,149 shares of the construction company’s stock valued at $429,000 after buying an additional 212 shares during the last quarter. Cim LLC boosted its holdings in Lennar by 0.7% in the fourth quarter. Cim LLC now owns 29,702 shares of the construction company’s stock worth $4,050,000 after acquiring an additional 212 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Lennar during the fourth quarter worth about $47,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Lennar in the 4th quarter valued at approximately $17,586,000. 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.