Lennar (NYSE:LEN) Downgraded by Raymond James

Lennar (NYSE:LEN) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Tuesday, FinViz reports.

Other equities research analysts have also issued reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $170.00 price objective on shares of Lennar in a research report on Thursday, June 20th. Wedbush reiterated an “underperform” rating and issued a $144.00 price objective on shares of Lennar in a research report on Tuesday, June 18th. UBS Group lifted their price target on Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Barclays lifted their price target on Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $166.69.

Lennar Price Performance

Shares of Lennar stock opened at $145.93 on Tuesday. The stock has a market capitalization of $40.62 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.60. Lennar has a one year low of $102.90 and a one year high of $172.59. The business’s 50 day simple moving average is $156.22 and its two-hundred day simple moving average is $155.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91.

Insider Transactions at Lennar

In other news, VP Mark Sustana sold 9,176 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares in the company, valued at $2,764,707.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Amy Banse acquired 1,575 shares of Lennar stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares in the company, valued at $1,861,863. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark Sustana sold 9,176 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $164.88, for a total value of $1,512,938.88. Following the sale, the vice president now owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The disclosure for this sale can be found here. Insiders sold 29,176 shares of company stock worth $4,841,039 over the last quarter. 9.36% of the stock is currently owned by insiders.

Institutional Trading of Lennar

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC increased its position in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in Lennar in the 3rd quarter worth approximately $28,000. J.Safra Asset Management Corp bought a new stake in Lennar during the 1st quarter worth approximately $30,000. New Covenant Trust Company N.A. purchased a new position in Lennar during the first quarter valued at approximately $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Lennar in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.