Lennar (NYSE:LEN) Given New $210.00 Price Target at Barclays

Lennar (NYSE:LEN) had its price target increased by equities research analysts at Barclays from $177.00 to $210.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s target price points to a potential upside of 13.85% from the stock’s current price.

Several other research firms have also recently issued reports on LEN. Keefe, Bruyette & Woods upped their price target on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Royal Bank of Canada upped their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and issued a $144.00 price target on shares of Lennar in a research note on Friday. Wells Fargo & Company upped their price objective on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group downgraded Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the company from $180.00 to $174.00 in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $178.17.

Lennar Stock Up 1.2 %

NYSE:LEN 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 50-day moving average of $176.53 and a 200 day moving average of $164.01. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. 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. Lennar has a 12-month low of $102.90 and a 12-month high of $193.80.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LEN. Centaurus Financial Inc. boosted its position in shares of Lennar by 5.5% during the second quarter. Centaurus Financial Inc. now owns 2,866 shares of the construction company’s stock worth $430,000 after buying an additional 149 shares during the period. Sanctuary Advisors LLC acquired a new position in Lennar during the 2nd quarter worth $6,069,000. Clearbridge Investments LLC grew its stake in shares of Lennar by 21.1% in the second quarter. Clearbridge Investments LLC now owns 165,931 shares of the construction company’s stock worth $24,868,000 after purchasing an additional 28,938 shares in the last quarter. Delphi Management Inc. MA lifted its holdings in Lennar by 3.4% in the second quarter. Delphi Management Inc. MA now owns 10,726 shares of the construction company’s stock worth $1,608,000 after purchasing an additional 352 shares during the period. Finally, 3Chopt Investment Partners LLC bought a new position in Lennar in the 2nd quarter valued at about $904,000. Institutional investors 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.