Barclays Cuts Lennar (NYSE:LEN) Price Target to $121.00

Lennar (NYSE:LEN - Get Free Report) had its price objective reduced by research analysts at Barclays from $135.00 to $121.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the construction company's stock. Barclays's price objective points to a potential downside of 5.73% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company cut their price target on Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Wolfe Research downgraded shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. UBS Group dropped their price objective on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup decreased their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus price target of $167.50.

Lennar Price Performance

NYSE LEN traded up $2.17 during trading hours on Friday, reaching $128.36. The company's stock had a trading volume of 3,040,240 shares, compared to its average volume of 3,530,277. Lennar has a 1 year low of $125.21 and a 1 year high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.32 and a beta of 1.67. The firm's 50-day moving average price is $145.16 and its 200-day moving average price is $165.93.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly 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). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the firm posted $4.82 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. On average, equities research analysts predict that Lennar will post 12.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Lennar

Hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. boosted its position in Lennar by 2.2% during the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company's stock valued at $577,000 after purchasing an additional 66 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company's stock valued at $551,000 after buying an additional 71 shares in the last quarter. Commerce Bank grew its position in shares of Lennar by 0.5% in the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company's stock worth $2,826,000 after buying an additional 74 shares during the last quarter. Jupiter Wealth Management LLC raised its stake in shares of Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company's stock worth $1,437,000 after acquiring an additional 75 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

About Lennar

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.