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

Key Points

• Lennar's stock has received a "hold (c)" rating from Weiss Ratings, with an average target price of $123.42 according to MarketBeat.
• The company recently reported a quarterly earnings performance that exceeded expectations, posting an EPS of $2.29, although its revenue decreased by 6.4% year-over-year.
• Multiple analysts provided varied ratings and price targets for Lennar, ranging from a "strong buy" to "sell," indicating mixed sentiments among analysts regarding the stock's future performance.

Lennar (NYSE:LEN - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on LEN. Wedbush restated a "neutral" rating and issued a $130.00 price target on shares of Lennar in a research report on Monday, September 22nd. UBS Group upped their price target on Lennar from $146.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Bank of America upped their price target on Lennar from $115.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. JMP Securities upped their price target on Lennar from $130.00 to $140.00 and gave the company a "market outperform" rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Lennar from $97.00 to $92.00 and set a "neutral" rating for the company in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Lennar presently has an average rating of "Hold" and an average target price of $123.42.

Lennar Price Performance

NYSE:LEN opened at $120.11 on Wednesday. Lennar has a 12 month low of $98.42 and a 12 month high of $189.65. The stock has a 50 day moving average of $129.19 and a two-hundred day moving average of $116.47. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a market cap of $31.11 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 5.47 and a beta of 1.37.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period in the previous year, the business earned $3.90 EPS. Lennar's quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts expect that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LEN. Kingstone Capital Partners Texas LLC acquired a new position in Lennar during the second quarter worth $424,950,000. The Manufacturers Life Insurance Company lifted its stake in 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 worth $1,020,866,000 after purchasing an additional 2,777,567 shares in the last quarter. Viking Global Investors LP lifted its stake in Lennar by 86.7% during the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company's stock worth $279,135,000 after purchasing an additional 1,172,068 shares in the last quarter. Eminence Capital LP lifted its stake in Lennar by 130.8% during the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock worth $181,523,000 after purchasing an additional 896,264 shares in the last quarter. Finally, Brave Warrior Advisors LLC lifted its stake in Lennar by 23.4% during the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock worth $251,323,000 after purchasing an additional 415,218 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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