Lennar (NYSE:LEN) Hits New 1-Year Low Following Analyst Downgrade

Lennar Co. (NYSE:LEN) hit a new 52-week low on Tuesday after UBS Group lowered their price target on the stock from $205.00 to $192.00. UBS Group currently has a buy rating on the stock. Lennar traded as low as $133.69 and last traded at $133.98, with a volume of 769954 shares trading hands. The stock had previously closed at $135.06.

Several other research analysts also recently commented on the stock. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Royal Bank of Canada decreased their price objective on shares of Lennar from $160.00 to $130.00 and set an “underperform” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Wedbush restated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. Finally, Bank Of America (Bofa) increased their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lennar has an average rating of “Hold” and a consensus target price of $171.50.

Insider Activity

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Several large investors have recently modified their holdings of the stock. Oakworth Capital Inc. bought a new position in Lennar in the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC increased its position in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Lennar during the 3rd quarter valued at about $30,000. Asset Dedication LLC lifted its holdings in shares of Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, DT Investment Partners LLC lifted its stake in Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after acquiring an additional 157 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.3 %

The company has a market capitalization of $36.22 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.28 and a beta of 1.66. The business’s 50-day moving average is $157.96 and its 200-day moving average is $167.93. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the company earned $4.82 EPS. Lennar’s revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that Lennar Co. will post 14.11 earnings per share for the current year.

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.