Barclays Increases Lennar (NYSE:LEN) Price Target to $210.00

Lennar (NYSE:LEN) had its target price lifted by stock analysts at Barclays from $177.00 to $210.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target indicates a potential upside of 13.97% from the stock’s previous close.

Several other equities research analysts also recently issued reports on LEN. Bank Of America (Bofa) raised their price objective 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. BTIG Research decreased their target price on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, June 20th. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and issued a $144.00 price objective on shares of Lennar in a research report on Friday, September 20th. Finally, Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $179.72.

Lennar Stock Performance

Shares of NYSE LEN opened at $184.26 on Monday. The business’s 50-day simple moving average is $177.36 and its 200-day simple moving average is $164.30. Lennar has a 52 week low of $102.90 and a 52 week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The firm has a market cap of $50.60 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share 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 the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The firm’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 company earned $3.91 EPS. As a group, equities research analysts expect that Lennar will post 14.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently made changes to their positions in the company. Lakewood Asset Management LLC lifted its holdings in Lennar by 0.8% during the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock valued at $1,407,000 after purchasing an additional 70 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in Lennar by 1.5% during the second quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock worth $730,000 after buying an additional 73 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Lennar by 5.7% during the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after buying an additional 74 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in shares of Lennar by 5.0% in the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock valued at $231,000 after acquiring an additional 74 shares during the last quarter. Finally, BBR Partners LLC boosted its holdings in shares of Lennar by 3.4% in the 2nd quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock worth $364,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds 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.