Lennar (NYSE:LEN) Price Target Cut to $150.00 by Analysts at Citigroup

Lennar (NYSE:LEN - Free Report) had its price target lowered by Citigroup from $196.00 to $150.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the construction company's stock.

A number of other analysts also recently weighed in on the stock. Bank of America raised their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. 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. Bank Of America (Bofa) increased their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. UBS Group lowered their price objective on Lennar from $225.00 to $205.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, Zelman & Associates raised Lennar from a "neutral" rating to an "outperform" rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $172.31.

Lennar Stock Down 0.7 %

Shares of LEN stock traded down $0.91 on Monday, hitting $134.97. The stock had a trading volume of 2,393,327 shares, compared to its average volume of 2,128,371. Lennar has a 52-week low of $133.72 and a 52-week high of $193.80. The firm has a market capitalization of $36.61 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The stock's 50 day moving average is $160.25 and its 200-day moving average is $168.40.

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

Insiders Place Their Bets

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares of the company's stock, valued at $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 this link. Corporate insiders own 9.36% of the company's stock.

Institutional Investors Weigh In On Lennar

Several large investors have recently made changes to their positions in LEN. Moors & Cabot Inc. lifted its position in shares of Lennar by 2.2% in the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company's stock worth $577,000 after buying an additional 66 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company's stock valued at $551,000 after acquiring an additional 71 shares during the period. Commerce Bank grew its stake in shares of Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company's stock worth $2,826,000 after acquiring an additional 74 shares during the last quarter. Jupiter Wealth Management LLC raised its stake in Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company's stock valued at $1,437,000 after purchasing an additional 75 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its position in Lennar by 5.4% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company's stock worth $283,000 after purchasing an additional 77 shares during 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.