Lennar (NYSE:LEN) Lowered to "Sell" Rating by Wall Street Zen

Lennar (NYSE:LEN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently issued reports on LEN. Zelman & Associates downgraded shares of Lennar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. The Goldman Sachs Group lowered their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Royal Bank Of Canada decreased 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 report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lennar has an average rating of "Hold" and an average target price of $132.50.

Lennar Trading Up 2.9%

Lennar stock opened at $106.36 on Friday. The firm has a 50 day simple moving average of $107.78 and a 200-day simple moving average of $121.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.68. The stock has a market capitalization of $28.06 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 2.82 and a beta of 1.33. Lennar has a 12-month low of $98.42 and a 12-month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.45 earnings per share. As a group, equities research analysts expect that Lennar will post 12.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Lennar

Institutional investors have recently modified their holdings of the stock. Howard Capital Management Inc. raised its stake in shares of Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after buying an additional 81 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Lennar by 1.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company's stock worth $886,000 after buying an additional 89 shares during the last quarter. NorthRock Partners LLC raised its stake in shares of Lennar by 1.4% during the first quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company's stock worth $747,000 after buying an additional 93 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Lennar by 1.1% during the first quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company's stock worth $1,015,000 after buying an additional 95 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in shares of Lennar by 3.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after buying an additional 96 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

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.

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