UBS Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its price objective dropped by UBS Group from $183.00 to $164.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s target price indicates a potential upside of 39.21% from the company’s current price.

A number of other research firms have also recently commented on LEN. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Wells Fargo & Company lowered their target price on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Barclays dropped their price objective on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Citigroup reduced their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.07.

Lennar Stock Performance

LEN opened at $117.81 on Monday. The firm has a fifty day moving average price of $125.47 and a 200 day moving average price of $152.27. Lennar has a 1 year low of $111.26 and a 1 year high of $187.61. The stock has a market cap of $31.28 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

A number of hedge funds have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust purchased a new stake in shares of Lennar in the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar during the 4th quarter worth $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Lennar during the fourth quarter worth $30,000. 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.