Lennar (NYSE:LEN)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report released on Tuesday, Marketbeat reports. They presently have a $77.00 price target on the construction company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 25.76% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Credit Suisse Group restated a “neutral” rating and issued a $65.00 price objective (up from $57.00) on shares of Lennar in a report on Thursday, January 11th. Wells Fargo & Co upgraded shares of Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price objective for the company in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Lennar from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Lennar from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Mizuho upgraded shares of Lennar from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Lennar presently has a consensus rating of “Buy” and an average price target of $67.93.

Lennar (NYSE:LEN) opened at $61.23 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 8.42 and a quick ratio of 1.67. Lennar has a 1-year low of $45.01 and a 1-year high of $72.17. The company has a market cap of $14,230.00, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. sell-side analysts predict that Lennar will post 5.21 earnings per share for the current fiscal year.

In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce E. Gross sold 1,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $72.00, for a total transaction of $72,000.00. Following the sale, the chief financial officer now directly owns 356,043 shares in the company, valued at $25,635,096. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $12,392,050 over the last three months. 12.18% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in LEN. Itau Unibanco Holding S.A. purchased a new stake in Lennar during the 4th quarter valued at about $103,000. QS Investors LLC grew its position in Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after purchasing an additional 25 shares during the last quarter. First Personal Financial Services purchased a new stake in Lennar during the 4th quarter valued at about $140,000. Independence Bank of Kentucky purchased a new stake in Lennar during the 4th quarter valued at about $153,000. Finally, NuWave Investment Management LLC purchased a new stake in Lennar during the 4th quarter valued at about $203,000. 80.56% of the stock is currently owned by institutional investors.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar (NYSE:LEN)

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