UBS Group Issues Pessimistic Forecast for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN - Get Free Report) had its target price decreased by UBS Group from $225.00 to $205.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. UBS Group's target price would suggest a potential upside of 48.46% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of Lennar from $164.00 to $196.00 and gave the stock a "neutral" rating in a report on Monday, September 23rd. Evercore ISI cut their target price on Lennar from $240.00 to $236.00 and set an "outperform" rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. reduced their price target on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Wells Fargo & Company cut their price objective on Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Wedbush restated a "neutral" rating and set a $164.00 target price on shares of Lennar in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $175.94.

Lennar Stock Performance

Lennar stock traded down $0.32 during mid-day trading on Friday, reaching $138.08. 9,057,424 shares of the company were exchanged, compared to its average volume of 2,106,758. The firm has a market cap of $37.45 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The firm's 50-day simple moving average is $168.98 and its two-hundred day simple moving average is $169.43. Lennar has a twelve month low of $135.21 and a twelve month high of $193.80.

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

Insiders Place Their Bets

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new stake in shares of Lennar in the third quarter valued at $27,000. Wolff Wiese Magana LLC grew its holdings in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock valued at $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the 3rd quarter valued at about $30,000. Asset Dedication LLC lifted its holdings in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after acquiring an additional 169 shares during the period. Finally, DT Investment Partners LLC boosted its position in shares of Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company's stock worth $35,000 after acquiring an additional 157 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.