Lennar (NYSE:LEN) Lowered to Sell Rating by StockNews.com

Lennar (NYSE:LEN) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Bank of America cut their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Citigroup reduced their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wedbush restated a “neutral” rating and issued a $158.00 price objective on shares of Lennar in a research report on Monday, March 17th. The Goldman Sachs Group cut their target price on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.07.

Lennar Trading Down 3.5 %

Shares of NYSE:LEN opened at $113.83 on Friday. The business has a 50-day moving average price of $124.05 and a 200-day moving average price of $151.33. The stock has a market cap of $30.22 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a 52-week low of $111.26 and a 52-week high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

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

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. lifted its stake in shares of Lennar by 69.4% in 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 in the last quarter. Crews Bank & Trust purchased a new position in Lennar in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in shares of Lennar during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar in the fourth quarter valued at approximately $28,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds 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.