Lennar (NYSE:LEN) Price Target Cut to $165.00 by Analysts at Wells Fargo & Company

Lennar (NYSE:LEN) had its price target lowered by investment analysts at Wells Fargo & Company from $180.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.59% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Barclays lowered shares of Lennar from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $210.00 to $181.00 in a research report on Wednesday, December 11th. JMP Securities boosted their price objective on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th. Finally, Evercore ISI reduced their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Hold” and a consensus price target of $182.88.

Lennar Trading Up 0.0 %

Shares of Lennar stock traded up $0.03 on Tuesday, reaching $151.95. 354,108 shares of the company were exchanged, compared to its average volume of 2,043,085. Lennar has a fifty-two week low of $140.65 and a fifty-two week high of $193.80. The firm has a market capitalization of $41.22 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. 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 has a fifty day moving average price of $171.86 and a 200-day moving average price of $170.03.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.91 EPS. On average, analysts expect that Lennar will post 14.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’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 completion of the sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.36% of the stock is currently owned by company insiders.

Institutional Trading of Lennar

A number of large investors have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new stake in Lennar in the 3rd quarter valued at $2,543,000. Synovus Financial Corp lifted 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 worth $8,877,000 after purchasing an additional 627 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Lennar in the 3rd quarter valued at about $241,000. World Investment Advisors LLC bought a new stake in shares of Lennar in the third quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC lifted its stake in Lennar by 9.4% during the third quarter. Sanctuary Advisors LLC now owns 43,049 shares of the construction company’s stock worth $8,071,000 after purchasing an additional 3,712 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

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.