UBS Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its target price reduced by stock analysts at UBS Group from $183.00 to $164.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 40.44% from the company’s current price.

LEN has been the topic of a number of other research reports. The Goldman Sachs Group decreased their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Wedbush reaffirmed a “neutral” rating and set a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods downgraded shares of Lennar from an “outperform” rating to a “market perform” rating and cut their target price for the company from $152.00 to $141.00 in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.73.

Lennar Trading Up 1.4 %

Shares of Lennar stock opened at $116.78 on Monday. The company has a 50-day moving average of $126.09 and a two-hundred day moving average of $153.13. The stock has a market cap of $31.01 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar has a 12-month low of $111.26 and a 12-month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 earnings per share. On average, research analysts anticipate that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Trading of Lennar

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crews Bank & Trust bought a new stake in shares of Lennar in the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. increased its position in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Lennar in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar in the fourth quarter worth approximately $28,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lennar during the third quarter valued at approximately $39,000. 81.10% of the stock is currently owned by 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.