Lennar (NYSE:LEN) Earns “Neutral” Rating from Wedbush

Lennar (NYSE:LEN)‘s stock had its “neutral” rating reiterated by Wedbush in a research note issued on Monday,Benzinga reports. They currently have a $158.00 target price on the construction company’s stock. Wedbush’s price objective would suggest a potential upside of 33.34% from the company’s previous close.

Several other research firms also recently weighed in on LEN. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Bank of America lowered their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered shares of Lennar from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $152.00 to $141.00 in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.53.

Lennar Stock Performance

LEN opened at $118.50 on Monday. The stock has a market cap of $31.46 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a fifty day moving average price of $127.53 and a 200 day moving average price of $155.30. Lennar has a 1 year low of $115.61 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business earned $4.82 earnings per share. Equities research analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

A number of institutional investors and hedge funds have recently made changes to their positions in LEN. Moors & Cabot Inc. raised its position in Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after buying an additional 66 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares in the last quarter. Commerce Bank boosted its holdings in Lennar by 0.5% in the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after purchasing an additional 74 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% during 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 during the period. Finally, Wolff Wiese Magana LLC increased its holdings in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares in the last quarter. 81.10% of the stock is 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.