Lennar (NYSE:LEN) PT Raised to $210.00 at JMP Securities

Lennar (NYSE:LEN) had its target price hoisted by analysts at JMP Securities from $170.00 to $210.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the construction company’s stock. JMP Securities’ price objective would indicate a potential upside of 14.67% from the stock’s current price.

LEN has been the topic of a number of other research reports. BTIG Research dropped their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. JPMorgan Chase & Co. raised their price target on shares of Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com upgraded Lennar from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Bank Of America (Bofa) lifted their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada increased their price target on Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $181.94.

Lennar Price Performance

Shares of NYSE:LEN opened at $183.13 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $177.67 and a 200 day simple moving average of $164.42. Lennar has a fifty-two week low of $102.90 and a fifty-two week high of $193.80. The company has a market cap of $50.29 billion, a PE ratio of 12.41, a P/E/G ratio of 1.71 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $3.91 EPS. On average, sell-side analysts anticipate that Lennar will post 14.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LEN. Gilbert & Cook Inc. boosted its stake in Lennar by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company’s stock worth $604,000 after purchasing an additional 211 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Lennar by 53.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company’s stock worth $5,056,000 after buying an additional 11,851 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Lennar by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,204 shares of the construction company’s stock valued at $2,419,000 after buying an additional 125 shares in the last quarter. Intech Investment Management LLC raised its position in Lennar by 196.1% during the fourth quarter. Intech Investment Management LLC now owns 7,357 shares of the construction company’s stock valued at $1,096,000 after buying an additional 4,872 shares during the period. Finally, TD Asset Management Inc boosted its position in Lennar by 15.3% during the 4th quarter. TD Asset Management Inc now owns 201,548 shares of the construction company’s stock worth $30,039,000 after acquiring an additional 26,705 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.