Lennar (NYSE:LEN) Price Target Lowered to $135.00 at Barclays

Lennar (NYSE:LEN - Get Free Report) had its price target decreased by research analysts at Barclays from $181.00 to $135.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the construction company's stock. Barclays's price target indicates a potential downside of 2.23% from the company's current price.

Other equities research analysts have also issued research reports about the company. Wedbush reiterated a "neutral" rating and issued a $164.00 target price on shares of Lennar in a research note on Thursday. Zelman & Associates raised shares of Lennar from a "neutral" rating to an "outperform" rating in a research report on Monday, September 23rd. JMP Securities boosted their target price on shares of Lennar from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their target price on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Lennar from $183.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $175.94.

Lennar Trading Down 0.2 %

NYSE LEN traded down $0.32 during mid-day trading on Friday, hitting $138.08. The company's stock had a trading volume of 9,057,424 shares, compared to its average volume of 2,106,758. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar has a 52-week low of $135.21 and a 52-week high of $193.80. The stock's fifty day simple moving average is $168.98 and its two-hundred day simple moving average is $169.43. The firm has a market capitalization of $37.45 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the firm posted $4.82 EPS. The business's revenue was down 9.3% compared to the same quarter last year. Research analysts expect that Lennar will post 14.11 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company's stock, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.36% of the stock is currently owned by company insiders.

Institutional Trading of Lennar

Several hedge funds have recently made changes to their positions in the stock. Oakworth Capital Inc. acquired a new position in Lennar during the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC boosted its position in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new position in Lennar in the 3rd quarter worth approximately $30,000. Asset Dedication LLC increased its position in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after acquiring an additional 169 shares during the period. Finally, DT Investment Partners LLC raised its stake in Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company's stock valued at $35,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

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.