Lennar (NYSE:LEN) PT Raised to $173.00

Lennar (NYSE:LEN) had its price target boosted by research analysts at JPMorgan Chase & Co. from $154.00 to $173.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 6.21% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Argus lifted their target price on Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Royal Bank of Canada raised their target price on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a research note on Monday. BTIG Research reduced their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Bank Of America (Bofa) lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Barclays increased their price target on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $178.17.

Lennar Stock Performance

Shares of LEN stock traded up $2.27 on Monday, reaching $184.46. The stock had a trading volume of 464,074 shares, compared to its average volume of 2,082,798. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar has a 1 year low of $102.90 and a 1 year high of $193.80. The stock has a market cap of $50.65 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The company has a 50 day simple moving average of $176.53 and a 200 day simple moving average of $164.01.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.91 EPS. Equities research analysts expect that Lennar will post 14.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC raised its stake in Lennar by 484.0% during the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Lennar in the 1st quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new stake in Lennar during the first quarter worth approximately $32,000. Redmont Wealth Advisors LLC purchased a new stake in Lennar during the first quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Lennar by 223.6% in the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.