Lennar’s (LEN) “In-Line” Rating Reiterated at Evercore ISI

Lennar (NYSE:LEN)‘s stock had its “in-line” rating reaffirmed by equities researchers at Evercore ISI in a research report issued on Monday,Benzinga reports. They presently have a $131.00 price target on the construction company’s stock, down from their prior price target of $159.00. Evercore ISI’s price target would suggest a potential upside of 13.82% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada lowered their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut Lennar from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $152.00 to $141.00 in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Fifteen 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.53.

Lennar Stock Down 4.1 %

Shares of LEN stock opened at $115.09 on Monday. Lennar has a 12 month low of $111.26 and a 12 month high of $187.61. The firm has a market cap of $30.56 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The stock has a 50 day moving average of $126.09 and a 200-day moving average of $153.13. 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 released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.57 earnings per share. On average, equities analysts predict that Lennar will post 12.48 EPS for the current year.

Hedge Funds Weigh In On Lennar

Several large investors have recently made changes to their positions in LEN. Great Valley Advisor Group Inc. acquired a new position in shares of Lennar during the third quarter valued at $235,000. Kingsview Wealth Management LLC lifted its stake in shares of Lennar by 275.4% during the third quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock valued at $959,000 after acquiring an additional 3,751 shares during the period. Swedbank AB lifted its stake in shares of Lennar by 5.4% during the third quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock valued at $30,880,000 after acquiring an additional 8,405 shares during the period. Centaurus Financial Inc. lifted its stake in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after acquiring an additional 71 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in shares of Lennar by 36.7% during the third quarter. Summit Trail Advisors LLC now owns 2,990 shares of the construction company’s stock valued at $561,000 after acquiring an additional 803 shares during the period. 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.