Lennar (NYSE:LEN) Price Target Lowered to $164.00 at UBS Group

Lennar (NYSE:LEN - Get Free Report) had its target price lowered by analysts at UBS Group from $183.00 to $164.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. UBS Group's price objective would indicate a potential upside of 41.83% from the stock's previous close.

Other research analysts have also issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Lennar from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Bank of America reduced their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group dropped 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 reissued a "neutral" rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Fifteen analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $151.07.

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Lennar Price Performance

NYSE LEN traded down $2.35 during mid-day trading on Monday, hitting $115.63. The stock had a trading volume of 759,172 shares, compared to its average volume of 2,372,813. The firm's 50 day moving average is $124.60 and its 200 day moving average is $151.79. Lennar has a twelve month low of $111.26 and a twelve month high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 earnings per share. Equities research analysts forecast that Lennar will post 12.48 earnings per share for the current fiscal year.

Institutional Trading of Lennar

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in Lennar during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. grew its position in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in Lennar in the 4th quarter valued at $28,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lennar during the 3rd quarter worth $39,000. Institutional investors and hedge funds 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.