UBS Group Lowers Lennar (NYSE:LEN) Price Target to $146.00

Lennar (NYSE:LEN) had its price target cut by stock analysts at UBS Group from $164.00 to $146.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective indicates a potential upside of 41.24% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Evercore ISI reissued an “in-line” rating and set a $131.00 target price (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Wedbush reissued a “neutral” rating and set a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Wall Street Zen raised Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Bank of America lowered their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Sixteen analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus target price of $141.60.

Lennar Price Performance

NYSE:LEN opened at $103.37 on Wednesday. The stock has a 50 day moving average price of $107.76 and a 200 day moving average price of $122.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.68 and a current ratio of 3.65. The stock has a market cap of $27.27 billion, a PE ratio of 8.55, a P/E/G ratio of 2.82 and a beta of 1.33. Lennar has a one year low of $98.42 and a one year high of $187.61.

Lennar (NYSE:LEN) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. Lennar’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $3.45 EPS. Equities research analysts expect that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LEN. Brighton Jones LLC boosted its holdings in Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after purchasing an additional 377 shares during the period. Sanctuary Advisors LLC lifted its holdings in Lennar by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 43,609 shares of the construction company’s stock worth $5,898,000 after buying an additional 560 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Lennar by 3.5% during the 4th quarter. CIBC Asset Management Inc now owns 37,007 shares of the construction company’s stock worth $5,047,000 after buying an additional 1,263 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Lennar during the 4th quarter worth about $49,000. Finally, Lyell Wealth Management LP lifted its holdings in Lennar by 5.8% during the 4th quarter. Lyell Wealth Management LP now owns 83,161 shares of the construction company’s stock worth $11,341,000 after buying an additional 4,538 shares during the last quarter. 81.10% of the stock is currently 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.