Lennar (NYSE:LEN) Upgraded to "Strong-Buy" at Seaport Res Ptn

Lennar (NYSE:LEN - Get Free Report) was upgraded by equities researchers at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on LEN. The Goldman Sachs Group reduced their target price on Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, December 23rd. Wedbush reaffirmed a "neutral" rating and issued a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. Wells Fargo & Company dropped their price target on Lennar from $145.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Barclays dropped their price target on Lennar from $135.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, BTIG Research downgraded Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average target price of $163.88.

Lennar Stock Down 0.7 %

Shares of Lennar stock traded down $0.90 during trading on Thursday, hitting $125.24. 2,743,537 shares of the stock traded hands, compared to its average volume of 2,328,247. The stock has a market cap of $33.25 billion, a P/E ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar has a twelve month low of $116.67 and a twelve month high of $187.61. The company has a fifty day moving average price of $129.11 and a two-hundred day moving average price of $157.65.

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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 return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the firm posted $4.82 earnings per share. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities research analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Lennar

A number of institutional investors and hedge funds have recently bought and sold shares of LEN. Castlekeep Investment Advisors LLC acquired a new position in Lennar in the fourth quarter worth $218,533,000. Holocene Advisors LP acquired a new position in shares of Lennar during the third quarter valued at $115,229,000. Pacer Advisors Inc. lifted its stake in shares of Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock valued at $446,110,000 after acquiring an additional 589,553 shares during the period. Wellington Management Group LLP lifted its stake in shares of Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after acquiring an additional 515,378 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after acquiring an additional 397,492 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

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.