Lennar (NYSE:LEN) PT Raised to $210.00 at Barclays

Lennar (NYSE:LEN) had its price target upped by equities researchers at Barclays from $177.00 to $210.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential upside of 13.97% from the company’s current price.

Several other research analysts have also issued reports on LEN. Royal Bank of Canada raised their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research note on Monday. JMP Securities reissued a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a research note on Thursday, June 20th. StockNews.com raised Lennar from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Wedbush reissued a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research note on Friday, September 20th. Finally, Argus boosted their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $179.72.

Lennar Price Performance

LEN opened at $184.26 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The company’s 50 day simple moving average is $177.36 and its 200-day simple moving average is $164.30. Lennar has a one year low of $102.90 and a one year high of $193.80. The stock has a market capitalization of $50.60 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same period last year, the firm earned $3.91 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that Lennar will post 14.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lennar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after acquiring an additional 396,951 shares in the last quarter. D1 Capital Partners L.P. increased its position in shares of Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after purchasing an additional 1,962,447 shares during the period. Marshall Wace LLP raised its stake in Lennar by 20.9% in the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock valued at $302,084,000 after purchasing an additional 348,553 shares in the last quarter. Nordea Investment Management AB lifted its position in Lennar by 3.6% during the first quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock worth $303,585,000 after purchasing an additional 60,713 shares during the period. Finally, Eminence Capital LP grew its stake in Lennar by 14.6% during the second quarter. Eminence Capital LP now owns 655,368 shares of the construction company’s stock worth $98,220,000 after buying an additional 83,316 shares in the last quarter. 81.10% of the stock is 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.