Lennar Corporation (NYSE:LEN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Lennar Corporation has received a consensus rating of "Hold" from eighteen brokerages, with fifteen analysts recommending a hold and two suggesting a buy.
• The average twelve-month target price for Lennar's stock is $133.08, with recent price targets adjusted by various brokerages ranging from $98.00 to $135.00.
• In recent quarters, Lennar reported earnings per share of $2.29, exceeding expectations, although its revenue of $8.81 billion fell short of analyst estimates.

Shares of Lennar Corporation (NYSE:LEN - Get Free Report) have been given an average rating of "Hold" by the seventeen research firms that are covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $128.3333.

LEN has been the subject of several research analyst reports. Evercore ISI dropped their price target on Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a research note on Wednesday, June 18th. Wall Street Zen cut shares of Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. UBS Group reduced their price objective on shares of Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Royal Bank Of Canada lowered their target price on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Wednesday, June 18th. Finally, Bank of America boosted their price target on Lennar from $115.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday.

Hedge Funds Weigh In On Lennar

Several large investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in shares of Lennar by 9.4% during the second quarter. Valeo Financial Advisors LLC now owns 9,668 shares of the construction company's stock worth $1,069,000 after purchasing an additional 827 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Lennar by 27.2% in the 2nd quarter. Centaurus Financial Inc. now owns 4,534 shares of the construction company's stock worth $502,000 after acquiring an additional 970 shares in the last quarter. Cypress Capital Advisors LLC increased its stake in shares of Lennar by 6.4% in the second quarter. Cypress Capital Advisors LLC now owns 4,203 shares of the construction company's stock worth $465,000 after purchasing an additional 252 shares during the period. Orion Porfolio Solutions LLC grew its position in Lennar by 6.8% in the second quarter. Orion Porfolio Solutions LLC now owns 22,521 shares of the construction company's stock valued at $2,491,000 after acquiring an additional 1,433 shares during the period. Finally, Hilltop Partners LLC lifted its holdings in Lennar by 12.3% in the second quarter. Hilltop Partners LLC now owns 8,417 shares of the construction company's stock valued at $931,000 after buying an additional 921 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Lennar stock traded down $5.70 during mid-day trading on Friday, reaching $127.17. The company had a trading volume of 17,036,662 shares, compared to its average volume of 3,214,957. The firm has a market cap of $32.94 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 5.41 and a beta of 1.33. Lennar has a 52 week low of $98.42 and a 52 week high of $189.65. The company has a 50 day moving average of $125.97 and a 200-day moving average of $115.99. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.15. The business had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $9.01 billion. Lennar had a return on equity of 10.89% and a net margin of 7.72%.The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.90 earnings per share. On average, sell-side analysts expect that Lennar will post 12.48 EPS for the current fiscal year.

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.