Lennar (NYSE:LEN) Rating Reiterated by JMP Securities

Lennar (NYSE:LEN – Get Rating)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a report released on Thursday, Benzinga reports. They currently have a $115.00 price target on the construction company’s stock. JMP Securities’ price objective suggests a potential upside of 11.11% from the company’s previous close.

LEN has been the subject of a number of other reports. Oppenheimer began coverage on Lennar in a research report on Wednesday, March 1st. They issued a “market perform” rating for the company. StockNews.com initiated coverage on shares of Lennar in a research note on Thursday. They set a “buy” rating for the company. Barclays raised shares of Lennar from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $116.00 in a research note on Wednesday, December 14th. Credit Suisse Group upped their target price on Lennar from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, KeyCorp raised their price target on Lennar from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Lennar presently has a consensus rating of “Hold” and a consensus target price of $105.33.

Lennar Price Performance

LEN stock opened at $103.50 on Thursday. Lennar has a 52 week low of $62.54 and a 52 week high of $109.28. The firm has a market capitalization of $29.98 billion, a P/E ratio of 6.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.42. The company has a fifty day simple moving average of $99.53 and a two-hundred day simple moving average of $88.40. The company has a quick ratio of 1.48, a current ratio of 7.46 and a debt-to-equity ratio of 0.17.

Lennar (NYSE:LEN – Get Rating) last announced its quarterly 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 firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $5.99 billion. During the same quarter last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts anticipate that Lennar will post 9.09 earnings per share for the current fiscal year.

Institutional Trading of Lennar

A number of large investors have recently modified their holdings of LEN. Tyler Stone Wealth Management boosted its holdings in shares of Lennar by 92.9% in the second quarter. Tyler Stone Wealth Management now owns 407 shares of the construction company’s stock valued at $29,000 after purchasing an additional 196 shares during the period. Karp Capital Management Corp bought a new position in Lennar in the third quarter worth approximately $30,000. Heritage Wealth Advisors bought a new position in Lennar in the fourth quarter worth approximately $39,000. Annapolis Financial Services LLC raised its stake in Lennar by 44.5% in the third quarter. Annapolis Financial Services LLC now owns 552 shares of the construction company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Lennar in the third quarter worth approximately $45,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Lennar

(Get Rating)

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.