Lennar’s (LEN) Hold (C) Rating Reiterated at Weiss Ratings

Lennar (NYSE:LEN)‘s stock had its “hold (c)” rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on LEN. Evercore ISI cut their price target on Lennar from $118.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday. JMP Securities raised their price target on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research note on Monday, September 22nd. Zelman & Associates cut Lennar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. cut their price target on Lennar from $97.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, September 22nd. Finally, Barclays cut their price target on Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $123.42.

Lennar Stock Down 1.7%

Shares of NYSE LEN opened at $120.11 on Wednesday. The stock has a market cap of $31.11 billion, a P/E ratio of 11.87, a PEG ratio of 5.47 and a beta of 1.37. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. Lennar has a 12-month low of $98.42 and a 12-month high of $189.65. The business’s fifty day simple moving average is $129.19 and its 200-day simple moving average is $116.47.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.15. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $3.90 earnings per share. As a group, equities analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Lennar

A number of hedge funds and other institutional investors have recently made changes to their positions in LEN. Opal Wealth Advisors LLC purchased a new position in shares of Lennar during the first quarter worth about $30,000. NBC Securities Inc. purchased a new position in shares of Lennar during the first quarter worth about $33,000. FNY Investment Advisers LLC acquired a new stake in Lennar in the second quarter valued at about $33,000. Rexford Capital Inc. acquired a new stake in Lennar in the second quarter valued at about $36,000. Finally, Disciplina Capital Management LLC lifted its position in Lennar by 179.8% in the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors 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.