Lennar Corporation (NYSE:LEN) Receives Average Recommendation of “Reduce” from Brokerages

Lennar Corporation (NYSE:LEN) has been assigned a consensus rating of “Reduce” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $109.6154.

Several brokerages have recently commented on LEN. Citigroup reiterated an “outperform” rating on shares of Lennar in a report on Monday, September 22nd. BTIG Research set a $90.00 target price on Lennar in a research report on Thursday, December 18th. UBS Group decreased their price target on Lennar from $161.00 to $137.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. JMP Securities boosted their price target on Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th.

Lennar Stock Performance

LEN stock opened at $104.76 on Friday. The firm has a 50-day simple moving average of $121.02 and a two-hundred day simple moving average of $121.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. Lennar has a one year low of $98.42 and a one year high of $144.24. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.14 and a beta of 1.38.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.27). The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.03 EPS. On average, equities analysts forecast that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Lennar by 27.9% in the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after acquiring an additional 377 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Lennar by 7.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 9,276 shares of the construction company’s stock worth $1,065,000 after purchasing an additional 668 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Lennar by 1.2% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 52,293 shares of the construction company’s stock worth $6,002,000 after purchasing an additional 630 shares during the period. Evergreen Capital Management LLC boosted its position in Lennar by 57.0% in the first quarter. Evergreen Capital Management LLC now owns 4,032 shares of the construction company’s stock valued at $463,000 after buying an additional 1,464 shares during the last quarter. Finally, Titleist Asset Management LLC acquired a new position in Lennar in the 1st quarter worth approximately $2,474,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.