Lennar (NYSE:LEN) Price Target Lowered to $110.00 at Barclays

Lennar (NYSE:LEN) had its price objective cut by investment analysts at Barclays from $121.00 to $110.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective would suggest a potential downside of 4.42% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group decreased their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $158.00 target price on shares of Lennar in a research report on Monday, March 17th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada lowered their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Monday. Fifteen analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.60.

Lennar Trading Down 4.1 %

Lennar stock opened at $115.09 on Monday. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar has a 1 year low of $111.26 and a 1 year high of $187.61. The firm’s 50 day moving average price is $126.09 and its two-hundred day moving average price is $153.13. 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 announced its 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. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the previous year, the firm earned $2.57 earnings per share. Lennar’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Trading of Lennar

Institutional investors and hedge funds have recently modified their holdings of the company. Great Valley Advisor Group Inc. acquired a new position in Lennar during the 3rd quarter worth $235,000. Kingsview Wealth Management LLC boosted its stake in Lennar by 275.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock valued at $959,000 after purchasing an additional 3,751 shares during the period. Swedbank AB grew its holdings in Lennar by 5.4% in the 3rd quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock valued at $30,880,000 after buying an additional 8,405 shares during the last quarter. Centaurus Financial Inc. increased its position in Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after buying an additional 71 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Lennar by 36.7% during the third quarter. Summit Trail Advisors LLC now owns 2,990 shares of the construction company’s stock worth $561,000 after buying an additional 803 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.