Lennar (NYSE:LEN) Hits New 52-Week Low - Here's What Happened

Lennar Co. (NYSE:LEN - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $134.00 and last traded at $134.25, with a volume of 260676 shares. The stock had previously closed at $137.19.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com cut Lennar from a "buy" rating to a "hold" rating in a report on Saturday, September 28th. Royal Bank of Canada dropped their target price on shares of Lennar from $160.00 to $130.00 and set an "underperform" rating for the company in a research report on Friday, December 20th. Zelman & Associates raised shares of Lennar from a "neutral" rating to an "outperform" rating in a report on Monday, September 23rd. The Goldman Sachs Group dropped their price objective on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, December 23rd. Finally, BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $175.19.

Lennar Stock Down 0.7 %

The company has a market capitalization of $36.94 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average is $163.29 and its 200 day moving average is $168.86.

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

Insider Activity at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.36% of the stock is owned by corporate insiders.

Institutional Trading of Lennar

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company's stock valued at $28,209,000 after purchasing an additional 149,812 shares during the period. Smead Capital Management Inc. lifted its position in Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company's stock valued at $499,991,000 after buying an additional 89,896 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company's stock valued at $12,978,000 after buying an additional 41,264 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Lennar by 101.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company's stock worth $1,626,000 after buying an additional 4,363 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Lennar by 8.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company's stock worth $19,022,000 after acquiring an additional 8,092 shares in the last quarter. 81.10% of the stock is owned by 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.