UBS Group Issues Pessimistic Forecast for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its price objective cut by investment analysts at UBS Group from $122.00 to $107.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 11.44% from the company’s current price.

LEN has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, December 18th. Citigroup decreased their price objective on shares of Lennar from $133.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company cut their target price on Lennar from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday. Barclays decreased their price target on Lennar from $88.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday. Finally, Argus raised Lennar to a “strong-buy” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, Lennar has an average rating of “Reduce” and an average target price of $103.43.

Lennar Stock Up 1.1%

Shares of LEN traded up $1.05 during trading hours on Monday, hitting $96.01. The company had a trading volume of 3,099,593 shares, compared to its average volume of 3,004,518. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.37 and a beta of 1.43. The firm has a fifty day moving average price of $112.52 and a 200-day moving average price of $119.53. Lennar has a 52-week low of $92.17 and a 52-week high of $144.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77.

Lennar (NYSE:LEN) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the company posted $2.14 earnings per share. On average, equities research analysts forecast that Lennar will post 12.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Lennar by 14.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock worth $596,504,000 after purchasing an additional 603,004 shares during the period. Viking Global Investors LP boosted its position in Lennar by 86.7% in the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after buying an additional 1,172,068 shares during the period. Janus Henderson Group PLC lifted its position in shares of Lennar by 12.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,127,225 shares of the construction company’s stock worth $218,681,000 after purchasing an additional 228,247 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in Lennar by 90.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock valued at $201,835,000 after buying an additional 934,856 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Lennar by 7.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,154,892 shares of the construction company’s stock worth $145,563,000 after buying an additional 75,574 shares in the last quarter. 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.