Lennar (NYSE:LEN) Upgraded by Wall Street Zen to Hold Rating

Lennar (NYSE:LEN) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other research firms have also recently issued reports on LEN. Royal Bank Of Canada lifted their price objective on Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Wells Fargo & Company cut their price target on Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, October 10th. JPMorgan Chase & Co. lowered their price target on Lennar from $97.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, September 22nd. Citigroup reaffirmed an “outperform” rating on shares of Lennar in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Lennar from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average target price of $121.75.

Lennar Price Performance

NYSE LEN opened at $131.25 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The firm has a market capitalization of $33.47 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 5.78 and a beta of 1.33. The company has a 50 day simple moving average of $123.91 and a 200-day simple moving average of $120.25. Lennar has a 52-week low of $98.42 and a 52-week high of $177.15.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, September 18th. The construction company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.14). The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.90 EPS. Equities research analysts predict that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Lennar by 27.9% during the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after acquiring an additional 377 shares during the period. Avantax Advisory Services Inc. boosted its stake in Lennar by 5.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,345 shares of the construction company’s stock valued at $614,000 after purchasing an additional 253 shares during the period. Arkadios Wealth Advisors grew its holdings in Lennar by 126.5% in the 1st quarter. Arkadios Wealth Advisors now owns 4,340 shares of the construction company’s stock valued at $498,000 after buying an additional 2,424 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Lennar by 40.2% during the first quarter. Moors & Cabot Inc. now owns 4,397 shares of the construction company’s stock worth $505,000 after buying an additional 1,260 shares during the last quarter. Finally, Baker Avenue Asset Management LP boosted its position in shares of Lennar by 58.5% in the first quarter. Baker Avenue Asset Management LP now owns 5,062 shares of the construction company’s stock valued at $581,000 after acquiring an additional 1,869 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.