Citizens Jmp Reaffirms Market Perform Rating for Lennar (NYSE:LEN)

Lennar (NYSE:LEN)‘s stock had its “market perform” rating reissued by investment analysts at Citizens Jmp in a note issued to investors on Wednesday, MarketBeat.com reports.

Several other research firms also recently weighed in on LEN. The Goldman Sachs Group reissued a “neutral” rating and set a $120.00 target price on shares of Lennar in a research report on Thursday, December 18th. JMP Securities boosted their price objective on shares of Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. BTIG Research set a $90.00 target price on Lennar in a research report on Thursday, December 18th. Royal Bank Of Canada cut Lennar from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $106.00 to $95.00 in a research report on Wednesday, December 17th. Finally, Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Lennar in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, Lennar has a consensus rating of “Reduce” and an average target price of $106.54.

Lennar Trading Up 5.4%

Shares of NYSE:LEN opened at $109.49 on Wednesday. The business’s 50-day moving average is $117.05 and its 200 day moving average is $121.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. Lennar has a 1 year low of $98.42 and a 1 year high of $144.24. The firm has a market capitalization of $27.92 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.13 and a beta of 1.42.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.03 EPS. On average, research analysts predict that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEN. Kingstone Capital Partners Texas LLC purchased a new stake in Lennar in the 2nd quarter worth $424,950,000. Viking Global Investors LP lifted its holdings in Lennar by 86.7% during the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock worth $279,135,000 after buying an additional 1,172,068 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Lennar by 14.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock worth $596,504,000 after purchasing an additional 603,004 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Lennar in the 2nd quarter valued at $25,440,000. Finally, Todd Asset Management LLC acquired a new stake in shares of Lennar during the 3rd quarter worth about $26,371,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar News Summary

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar sold majority control of its struggling multifamily business to TPG, which should reduce ongoing losses and capital needs for Lennar while bringing in an institutional partner and cash. This strategic move is the main positive catalyst supporting the stock today. Lennar sells majority control of multifamily division to TPG
• Neutral Sentiment: Local planning friction: a proposed additional development near Helotes Creek is drawing community scrutiny — contains localized project risk but limited broader corporate impact. Proposal near Helotes Creek draws scrutiny
• Neutral Sentiment: Industry note — Barron’s highlights that homebuilders have momentum but may need to offer buyer incentives to sustain it; this is a market-level tailwind/conditional factor rather than company-specific news. Home Builder Stocks Are Off to a Good Start
• Negative Sentiment: Analyst downgrades and price-target cuts have picked up: Citigroup cut its target from $133 to $113 and put a neutral rating on LEN, Wells Fargo trimmed its target to $105, and UBS issued a downgrade — these moves tighten near-term upside and reflect disappointment after Lennar’s underwhelming quarter. Citigroup cuts LEN target Wells Fargo lowers target to $105 UBS downgrades LEN
• Negative Sentiment: Zacks issued a lower FY2028 EPS estimate (about $10.17 vs. the consensus near $12.48) and Citizens/JMP has moved Lennar to/kept it at market-perform after a weak Q4 — these lower estimates and conservative ratings increase downside risk until guidance or results improve. Zacks FY2028 estimate Citizens/JMP market perform

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.