Lennar (NYSE:LEN) Stock Rating Upgraded by Zelman & Associates

Lennar (NYSE:LEN) was upgraded by research analysts at Zelman & Associates from a “neutral” rating to an “outperform” rating in a research report issued on Monday, MarketBeat.com reports.

A number of other equities analysts have also recently commented on LEN. Royal Bank of Canada reissued an “underperform” rating and set a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Citigroup restated a “neutral” rating and issued a $164.00 price objective (down previously from $174.00) on shares of Lennar in a report on Tuesday, July 2nd. Raymond James cut shares of Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. Bank of America boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Evercore ISI raised their target price on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $179.72.

Lennar Stock Down 0.8 %

Lennar stock opened at $184.26 on Monday. Lennar has a 12 month low of $102.90 and a 12 month high of $193.80. The stock has a market capitalization of $50.60 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The business has a 50 day simple moving average of $177.36 and a 200-day simple moving average of $164.30.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $3.91 earnings per share. On average, analysts anticipate that Lennar will post 14.16 EPS for the current fiscal year.

Institutional Trading of Lennar

Several institutional investors have recently added to or reduced their stakes in the stock. Boston Partners increased its stake in Lennar by 21.5% during the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after purchasing an additional 4,207 shares during the period. Integrated Advisors Network LLC lifted its holdings in Lennar by 177.3% during the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after buying an additional 19,985 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in Lennar by 331.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after buying an additional 9,246 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in shares of Lennar in the fourth quarter worth $838,000. Finally, Norden Group LLC purchased a new stake in shares of Lennar during the first quarter worth $5,592,000. Institutional investors and hedge funds own 81.10% 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. 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.