Lennar (NYSE:LEN) Price Target Raised to $210.00 at Barclays

Lennar (NYSE:LEN) had its target price boosted by research analysts at Barclays from $177.00 to $210.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would indicate a potential upside of 13.85% from the company’s current price.

Other analysts have also issued research reports about the company. Argus increased their price objective on Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. BTIG Research lowered their price target on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, June 20th. Wells Fargo & Company upped their price objective on shares of Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Bank of America lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods increased their price target on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.17.

Lennar Price Performance

NYSE:LEN traded up $2.27 during mid-day trading on Monday, hitting $184.46. 464,074 shares of the company’s stock traded hands, compared to its average volume of 2,082,798. Lennar has a 1 year low of $102.90 and a 1 year high of $193.80. The company has a market cap of $50.65 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The firm’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $164.01.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.91 EPS. Sell-side analysts expect that Lennar will post 14.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. increased its position in shares of Lennar by 5.5% in the second quarter. Centaurus Financial Inc. now owns 2,866 shares of the construction company’s stock worth $430,000 after acquiring an additional 149 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Lennar in the 2nd quarter valued at $6,069,000. Clearbridge Investments LLC increased its holdings in Lennar by 21.1% in the 2nd quarter. Clearbridge Investments LLC now owns 165,931 shares of the construction company’s stock valued at $24,868,000 after purchasing an additional 28,938 shares in the last quarter. Delphi Management Inc. MA lifted its stake in shares of Lennar by 3.4% during the second quarter. Delphi Management Inc. MA now owns 10,726 shares of the construction company’s stock worth $1,608,000 after purchasing an additional 352 shares in the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new position in shares of Lennar during the second quarter worth about $904,000. 81.10% of the stock is owned by institutional investors and hedge funds.

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.