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

Lennar (NYSE:LEN) had its price objective dropped by Barclays from $181.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential downside of 2.23% from the company’s current price.

Several other equities research analysts also recently commented on LEN. JPMorgan Chase & Co. lowered their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Bank of America upped their price objective on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods lifted their target price on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Evercore ISI lowered their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Monday, September 23rd. Finally, Bank Of America (Bofa) boosted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has an average rating of “Hold” and an average target price of $175.94.

Lennar Price Performance

LEN opened at $138.08 on Friday. The company has a fifty day moving average price of $168.98 and a two-hundred day moving average price of $169.51. 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 has a market capitalization of $37.45 billion, a PE ratio of 9.14, a P/E/G ratio of 1.31 and a beta of 1.61. Lennar has a 52 week low of $135.21 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.82 EPS. As a group, analysts anticipate that Lennar will post 14.11 earnings per share for the current year.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennar

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

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.