Lennar Corporation (NYSE:LEN - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $132.87, but opened at $126.50. Lennar shares last traded at $130.13, with a volume of 3,841,961 shares trading hands.
Wall Street Analysts Forecast Growth
LEN has been the subject of several recent research reports. Wall Street Zen downgraded Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. UBS Group cut their target price on Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. 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 report on Wednesday, June 18th. Royal Bank Of Canada decreased their price objective on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 18th. Finally, Keefe, Bruyette & Woods decreased their price target on Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research note on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, Lennar presently has a consensus rating of "Hold" and an average price target of $128.33.
Read Our Latest Research Report on Lennar
Lennar Stock Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The company has a market capitalization of $32.94 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 5.40 and a beta of 1.33. The stock has a 50 day simple moving average of $125.97 and a two-hundred day simple moving average of $115.92.
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, topping analysts' consensus estimates of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the company posted $3.90 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. As a group, analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.
Institutional Trading of Lennar
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Lennar in the 2nd quarter valued at $424,950,000. The Manufacturers Life Insurance Company grew its stake in shares of Lennar by 45.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock valued at $1,020,866,000 after acquiring an additional 2,777,567 shares in the last quarter. Viking Global Investors LP grew its stake in shares of Lennar by 86.7% during the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company's stock valued at $279,135,000 after acquiring an additional 1,172,068 shares in the last quarter. Eminence Capital LP grew its stake in shares of Lennar by 130.8% during the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock valued at $181,523,000 after acquiring an additional 896,264 shares in the last quarter. Finally, Brave Warrior Advisors LLC grew its stake in shares of Lennar by 23.4% during the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock valued at $251,323,000 after acquiring an additional 415,218 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.
Lennar Company Profile
(
Get Free Report)
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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