Lennar (NYSE:LEN) Rating Lowered to Underperform at Keefe, Bruyette & Woods

Lennar (NYSE:LEN) was downgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $86.00 target price on the construction company’s stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 5.44% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Argus decreased their price objective on shares of Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Barclays reduced their price target on shares of Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a report on Friday. BTIG Research set a $73.00 price objective on shares of Lennar in a research note on Monday. Finally, Seaport Research Partners reissued a “sell” rating and issued a $74.00 target price (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, Lennar has an average rating of “Reduce” and an average target price of $98.00.

Lennar Stock Up 0.5%

Shares of Lennar stock opened at $90.95 on Tuesday. The business has a 50-day moving average price of $88.97 and a 200 day moving average price of $104.00. Lennar has a fifty-two week low of $81.18 and a fifty-two week high of $144.24. The firm has a market cap of $22.46 billion, a P/E ratio of 13.07, a P/E/G ratio of 2.00 and a beta of 1.39. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. Lennar had a return on equity of 7.80% and a net margin of 5.39%.Lennar’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 EPS. On average, sell-side analysts forecast that Lennar will post 5.87 earnings per share for the current fiscal year.

Institutional Trading of Lennar

Several hedge funds have recently bought and sold shares of LEN. KERR FINANCIAL PLANNING Corp bought a new position in Lennar in the 3rd quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar during the third quarter valued at approximately $26,000. Phillip James Consulting Co. acquired a new position in shares of Lennar during the first quarter worth approximately $30,000. High Point Wealth Management LLC bought a new position in Lennar in the 4th quarter worth approximately $31,000. Finally, DV Equities LLC acquired a new stake in Lennar in the 4th quarter valued at approximately $31,000. 81.10% of the stock is currently owned by institutional investors.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.