The Goldman Sachs Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN - Get Free Report) had its price objective lowered by stock analysts at The Goldman Sachs Group from $190.00 to $162.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. The Goldman Sachs Group's price target suggests a potential upside of 17.39% from the stock's previous close.

Several other brokerages have also commented on LEN. Bank of America upped their price target on Lennar from $171.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $210.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday. Barclays decreased their price objective on shares of Lennar from $181.00 to $135.00 and set an "equal weight" rating on the stock in a report on Friday. BTIG Research downgraded shares of Lennar from a "buy" rating to a "neutral" rating in a report on Friday. Finally, JMP Securities upped their price target on Lennar from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $175.19.

Lennar Trading Down 0.1 %

Lennar stock traded down $0.08 during midday trading on Monday, hitting $138.00. 3,699,751 shares of the stock were exchanged, compared to its average volume of 2,113,215. 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 50-day simple moving average is $168.98 and its 200 day simple moving average is $169.58. Lennar has a fifty-two week low of $135.21 and a fifty-two week high of $193.80. The stock has a market capitalization of $37.43 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.31 and a beta of 1.61.

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 return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the business earned $4.82 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that Lennar will post 14.11 EPS for the current year.

Insider Activity

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.36% of the company's stock.

Institutional Investors Weigh In On Lennar

Several institutional investors have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas purchased a new stake in Lennar in the third quarter valued at $2,543,000. Synovus Financial Corp boosted its position in shares of Lennar by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 47,348 shares of the construction company's stock valued at $8,877,000 after purchasing an additional 627 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Lennar during the 3rd quarter worth approximately $241,000. World Investment Advisors LLC acquired a new position in Lennar during the third quarter worth approximately $251,000. Finally, Sanctuary Advisors LLC lifted its stake in Lennar by 9.4% in the third quarter. Sanctuary Advisors LLC now owns 43,049 shares of the construction company's stock valued at $8,071,000 after buying an additional 3,712 shares during the last quarter. Hedge funds and other institutional investors 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.