Lennar (NYSE:LEN) Price Target Raised to $127.00

Lennar (NYSE:LEN – Get Rating) had its target price upped by analysts at UBS Group from $117.00 to $127.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 22.71% from the company’s previous close.

A number of other brokerages have also recently commented on LEN. KeyCorp upped their target price on shares of Lennar from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, December 16th. Citigroup boosted their price target on shares of Lennar from $103.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. Credit Suisse Group boosted their price target on shares of Lennar from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America upgraded shares of Lennar from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $92.00 to $102.00 in a research note on Wednesday, January 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lennar from $73.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $105.33.

Lennar Price Performance

Shares of NYSE:LEN opened at $103.50 on Thursday. The company has a 50-day simple moving average of $99.53 and a 200-day simple moving average of $88.40. Lennar has a one year low of $62.54 and a one year high of $109.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 7.46. The stock has a market capitalization of $29.98 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 1.85 and a beta of 1.42.

Lennar (NYSE:LEN – Get Rating) last announced its earnings results on Wednesday, March 15th. The construction company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.56. Lennar had a net margin of 13.86% and a return on equity of 21.52%. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $5.99 billion. During the same period in the prior year, the company earned $2.70 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Lennar will post 9.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Lakewood Asset Management LLC purchased a new position in shares of Lennar in the fourth quarter valued at $820,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Lennar by 972.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 263,628 shares of the construction company’s stock valued at $23,859,000 after buying an additional 239,039 shares in the last quarter. American Trust acquired a new stake in shares of Lennar during the fourth quarter valued at $236,000. RFG Advisory LLC boosted its stake in shares of Lennar by 18.3% during the fourth quarter. RFG Advisory LLC now owns 3,845 shares of the construction company’s stock valued at $403,000 after acquiring an additional 595 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new stake in shares of Lennar during the fourth quarter valued at $306,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Lennar

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Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name.