Lennar Corporation (NYSE:LEN) Receives Average Recommendation of “Reduce” from Brokerages

Lennar Corporation (NYSE:LEN) has earned a consensus rating of “Reduce” from the nineteen research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $109.6154.

Several research analysts have commented on LEN shares. JMP Securities upped their price objective on shares of Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd. Zacks Research raised shares of Lennar from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. cut their price objective on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, December 18th. Raymond James Financial downgraded Lennar from a “market perform” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada cut Lennar from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $106.00 to $95.00 in a research note on Wednesday, December 17th.

Institutional Trading of Lennar

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its position in Lennar by 7.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock valued at $141,000 after acquiring an additional 85 shares during the period. Zions Bancorporation National Association UT increased its stake in shares of Lennar by 8.3% during the third quarter. Zions Bancorporation National Association UT now owns 1,127 shares of the construction company’s stock valued at $142,000 after purchasing an additional 86 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of Lennar by 2.1% during the third quarter. RFG Advisory LLC now owns 4,255 shares of the construction company’s stock valued at $536,000 after purchasing an additional 87 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Lennar by 6.2% in the 3rd quarter. UMB Bank n.a. now owns 1,595 shares of the construction company’s stock worth $201,000 after purchasing an additional 93 shares in the last quarter. Finally, ORG Wealth Partners LLC grew its stake in shares of Lennar by 5.2% in the 3rd quarter. ORG Wealth Partners LLC now owns 2,072 shares of the construction company’s stock worth $261,000 after buying an additional 102 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Down 1.1%

Shares of NYSE:LEN opened at $102.79 on Friday. Lennar has a 1 year low of $98.42 and a 1 year high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The stock’s 50-day moving average is $119.12 and its 200 day moving average is $121.17. The company has a market cap of $26.21 billion, a PE ratio of 12.86, a P/E/G ratio of 1.12 and a beta of 1.42.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.03 earnings per share. Sell-side analysts anticipate that Lennar will post 12.48 EPS for the current year.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.