Lennar Co. (NYSE:LEN) Receives $171.50 Consensus Target Price from Analysts

Shares of Lennar Co. (NYSE:LEN) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $171.50.

LEN has been the topic of a number of research analyst reports. Bank of America increased their price target on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Bank Of America (Bofa) increased their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Evercore ISI decreased their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research note on Monday, September 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd.

Lennar Trading Up 2.6 %

LEN opened at $135.00 on Friday. Lennar has a twelve month low of $128.41 and a twelve month high of $193.80. The company has a fifty day moving average of $154.76 and a 200-day moving average of $167.57. The stock has a market cap of $36.62 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. 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 issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the business posted $4.82 earnings per share. The business’s revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that Lennar will post 14.11 EPS for the current year.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction 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 in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.36% of the company’s stock.

Institutional Investors Weigh In On Lennar

Several large investors have recently made changes to their positions in LEN. Oakworth Capital Inc. purchased a new stake in Lennar during the third quarter worth about $27,000. Wolff Wiese Magana LLC grew its position in shares of Lennar by 933.3% during 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 shares of Lennar during the 3rd quarter worth approximately $30,000. Asset Dedication LLC lifted its stake in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.