Lennar (NYSE:LEN)‘s stock had its “buy” rating reissued by equities researchers at UBS Group in a research note issued to investors on Wednesday, 99wallstreet.com reports.

A number of other research analysts have also recently commented on LEN. Zacks Investment Research raised shares of Lennar from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Tuesday. Wedbush set a $60.00 target price on shares of Lennar and gave the stock a “hold” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $78.00 target price on shares of Lennar in a report on Thursday, January 11th. Credit Suisse Group reissued a “neutral” rating and issued a $65.00 target price (up previously from $57.00) on shares of Lennar in a report on Thursday, January 11th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $64.00 target price on shares of Lennar in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $63.93.

Lennar (LEN) traded up $0.61 during mid-day trading on Wednesday, hitting $71.32. 1,392,140 shares of the stock were exchanged, compared to its average volume of 4,788,364. The company has a market capitalization of $16,500.00, a PE ratio of 20.55, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. Lennar has a 52-week low of $43.46 and a 52-week high of $70.83.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lennar had a return on equity of 12.22% and a net margin of 6.41%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. sell-side analysts forecast that Lennar will post 5.17 EPS for the current fiscal year.

In related news, VP Diane J. Bessette sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $69.50, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 222,396 shares in the company, valued at approximately $15,456,522. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,000 shares of company stock valued at $11,316,300. 12.18% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Lennar by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after purchasing an additional 530 shares during the last quarter. QS Investors LLC raised its holdings in Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares during the last quarter. Chartist Inc. CA bought a new position in Lennar during the 2nd quarter worth approximately $200,000. Finally, Fiera Capital Corp bought a new position in Lennar during the 2nd quarter worth approximately $224,000. Hedge funds and other institutional investors own 81.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Lennar’s (LEN) Buy Rating Reaffirmed at UBS Group” was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/01/17/lennar-len-stock-rating-reaffirmed-by-ubs-group.html.

Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar (NYSE:LEN)

Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.