Zelman & Associates Reaffirms Neutral Rating for Lennar (NYSE:LEN)

Lennar (NYSE:LEN - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Zelman & Associates in a report issued on Wednesday,Benzinga reports.

A number of other equities research analysts have also issued reports on LEN. UBS Group reduced their target price on Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Wedbush reaffirmed a "neutral" rating and set a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Barclays reduced their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Sixteen investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and an average price target of $147.87.

Lennar Trading Up 0.5%

Shares of LEN stock opened at $105.09 on Wednesday. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $193.80. The company has a quick ratio of 0.68, a current ratio of 3.42 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $107.89 and a 200-day simple moving average of $122.70. The stock has a market cap of $27.72 billion, a P/E ratio of 8.69, a P/E/G ratio of 2.96 and a beta of 1.34.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.32%. The business had revenue of $8.38 billion for the quarter, compared to analysts' expectations of $8.21 billion. During the same quarter last year, the business posted $3.45 earnings per share. The business's revenue was down 4.4% compared to the same quarter last year. On average, analysts forecast that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Trading of Lennar

Several institutional investors have recently made changes to their positions in the stock. Hurley Capital LLC purchased a new position in Lennar in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar in the 4th quarter valued at $28,000. Ameriflex Group Inc. acquired a new position in shares of Lennar during the 4th quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new stake in Lennar during the 1st quarter worth $30,000. Finally, NBC Securities Inc. acquired a new stake in Lennar in the 1st quarter valued at $33,000. 81.10% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.