Research Analysts’ Recent Ratings Changes for Lennar (LEN)

Lennar (NYSE: LEN) recently received a number of ratings updates from brokerages and research firms:

• 12/23/2024 – Lennar had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $190.00 to $162.00. They now have a “neutral” rating on the stock.
• 12/20/2024 – Lennar had its price target lowered by analysts at Royal Bank of Canada from $160.00 to $130.00. They now have an “underperform” rating on the stock.
• 12/20/2024 – Lennar had its price target lowered by analysts at Keefe, Bruyette & Woods from $210.00 to $170.00. They now have an “outperform” rating on the stock.
• 12/20/2024 – Lennar was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
• 12/20/2024 – Lennar had its price target lowered by analysts at Barclays PLC from $181.00 to $135.00. They now have an “equal weight” rating on the stock.
• 12/20/2024 – Lennar had its price target lowered by analysts at UBS Group AG from $225.00 to $205.00. They now have a “buy” rating on the stock.
• 12/19/2024 – Lennar had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $164.00 price target on the stock.
• 12/17/2024 – Lennar had its price target lowered by analysts at Wells Fargo & Company from $180.00 to $165.00. They now have an “equal weight” rating on the stock.
• 12/13/2024 – Lennar had its price target lowered by analysts at JPMorgan Chase & Co. from $192.00 to $173.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Lennar had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $164.00 price target on the stock.
• 12/11/2024 – Lennar was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $181.00 price target on the stock, down previously from $210.00.
• 11/7/2024 – Lennar had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $180.00. They now have an “equal weight” rating on the stock.

Lennar Stock Performance

NYSE:LEN remained flat at $138.00 during mid-day trading on Wednesday. The company had a trading volume of 2,128,726 shares, compared to its average volume of 1,854,691. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $167.16 and its two-hundred day moving average price is $169.34. Lennar Co. has a 1 year low of $135.21 and a 1 year high of $193.80. The company has a market cap of $37.43 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.28 and a beta of 1.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the prior year, the business posted $4.82 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lennar Co. will post 14.11 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’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 transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

A number of hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. increased its stake in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after purchasing an additional 66 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after acquiring an additional 71 shares in the last quarter. Commerce Bank raised its stake in shares of Lennar by 0.5% in the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after acquiring an additional 74 shares in the last quarter. Jupiter Wealth Management LLC boosted its holdings in shares of Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after buying an additional 75 shares during the period. Finally, Catalyst Financial Partners LLC increased its stake in shares of Lennar by 5.4% in the third quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock worth $283,000 after purchasing an additional 77 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

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.