Stock analysts at UBS Group assumed coverage on shares of Lennar (NYSE:LEN) in a research report issued on Wednesday, The Fly reports. The brokerage set a "buy" rating on the construction company's stock.
Several other research firms also recently weighed in on LEN. Barclays lifted their price objective on Lennar from $110.00 to $136.00 and gave the company an "equal weight" rating in a report on Wednesday, December 15th. Bank of America assumed coverage on Lennar in a report on Monday, November 8th. They issued a "buy" rating for the company. KeyCorp downgraded Lennar from a "sector weight" rating to an "underweight" rating and set a $86.00 price objective for the company. in a report on Wednesday. Seaport Res Ptn upgraded Lennar from a "neutral" rating to a "buy" rating in a research note on Friday, January 14th. Finally, Raymond James lifted their target price on Lennar from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, December 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Lennar currently has an average rating of "Buy" and a consensus target price of $122.69.
Shares of NYSE:LEN traded down $4.44 on Wednesday, hitting $96.86. 4,122,815 shares of the company's stock were exchanged, compared to its average volume of 3,073,886. Lennar has a 12 month low of $77.86 and a 12 month high of $117.54. The stock has a market capitalization of $29.98 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The business's 50 day simple moving average is $110.18 and its two-hundred day simple moving average is $104.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 9.56 and a quick ratio of 1.41.
Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 15th. The construction company reported $3.91 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.24). Lennar had a return on equity of 19.45% and a net margin of 16.33%. During the same period in the prior year, the company earned $2.82 EPS. Equities analysts forecast that Lennar will post 15.6 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Dai Ichi Life Insurance Company Ltd grew its stake in shares of Lennar by 898.7% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 33,338 shares of the construction company's stock worth $3,312,000 after acquiring an additional 30,000 shares during the last quarter. Phoenix Holdings Ltd. boosted its position in Lennar by 21.9% in the third quarter. Phoenix Holdings Ltd. now owns 607,673 shares of the construction company's stock valued at $56,945,000 after buying an additional 109,103 shares during the last quarter. Pacer Advisors Inc. boosted its position in Lennar by 11.2% in the third quarter. Pacer Advisors Inc. now owns 171,261 shares of the construction company's stock valued at $16,044,000 after buying an additional 17,208 shares during the last quarter. Seven Eight Capital LP boosted its position in Lennar by 29.7% in the second quarter. Seven Eight Capital LP now owns 26,977 shares of the construction company's stock valued at $2,673,000 after buying an additional 6,177 shares during the last quarter. Finally, QS Investors LLC boosted its position in Lennar by 37.4% in the second quarter. QS Investors LLC now owns 7,495 shares of the construction company's stock valued at $745,000 after buying an additional 2,040 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.
Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name.
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