Lennar (NYSE:LEN) received a $74.00 price objective from stock analysts at Bank of America in a research note issued on Thursday. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America’s price target indicates a potential upside of 71.49% from the company’s current price.

Several other research firms have also issued reports on LEN. JMP Securities reiterated an “outperform” rating on shares of Lennar in a research report on Monday, October 8th. Wedbush restated a “neutral” rating and issued a $56.00 target price (down previously from $62.00) on shares of Lennar in a research report on Wednesday, June 27th. They noted that the move was a valuation call. Mizuho set a $65.00 target price on shares of Lennar and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Barclays set a $63.00 target price on shares of Lennar and gave the company a “buy” rating in a research report on Friday, September 14th. Finally, Royal Bank of Canada set a $63.00 target price on shares of Lennar and gave the company a “buy” rating in a research report on Thursday, October 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $65.56.

NYSE LEN opened at $43.15 on Thursday. The company has a current ratio of 11.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.73. The company has a market cap of $15.38 billion, a P/E ratio of 11.33, a PEG ratio of 0.40 and a beta of 1.23. Lennar has a 1 year low of $42.69 and a 1 year high of $72.17.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, October 3rd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.11. The business had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.62 billion. Lennar had a net margin of 6.49% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 73.9% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Equities analysts expect that Lennar will post 6.1 EPS for the current year.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $46.98, for a total value of $939,600.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.50% of the company’s stock.

Several large investors have recently modified their holdings of LEN. Long Pond Capital LP lifted its holdings in shares of Lennar by 197.0% during the second quarter. Long Pond Capital LP now owns 5,200,000 shares of the construction company’s stock worth $273,000,000 after purchasing an additional 3,449,061 shares during the period. Cannell Peter B & Co. Inc. lifted its holdings in shares of Lennar by 486.7% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,016,196 shares of the construction company’s stock worth $53,350,000 after purchasing an additional 842,976 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Lennar by 748.7% during the second quarter. Standard Life Aberdeen plc now owns 558,515 shares of the construction company’s stock worth $29,323,000 after purchasing an additional 492,707 shares during the period. Investec Asset Management LTD acquired a new position in shares of Lennar during the second quarter worth $22,594,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Lennar by 45.0% during the second quarter. Sterling Capital Management LLC now owns 1,044,097 shares of the construction company’s stock worth $54,815,000 after purchasing an additional 324,164 shares during the period. Institutional investors own 85.80% of the company’s stock.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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.

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