UBS Group Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its target price decreased by equities research analysts at UBS Group from $183.00 to $164.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective indicates a potential upside of 40.44% from the company’s current price.

A number of other brokerages have also recently issued reports on LEN. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Royal Bank of Canada lowered their target price on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a report on Monday. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lennar has a consensus rating of “Hold” and an average price target of $154.73.

Lennar Price Performance

NYSE:LEN opened at $116.78 on Monday. The stock has a market cap of $31.01 billion, a P/E ratio of 8.15, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a one year low of $111.26 and a one year high of $187.61. The company has a fifty day moving average price of $126.09 and a 200 day moving average price of $153.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 EPS. Analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Crews Bank & Trust acquired a new position in Lennar during the 4th quarter valued at about $25,000. Armstrong Advisory Group Inc. lifted its position in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Hurley Capital LLC acquired a new stake in shares of Lennar in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar in the 4th quarter valued at approximately $28,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lennar in the 3rd quarter valued at approximately $39,000. 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.