Lennar (NYSE:LEN) was upgraded by research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $74.00 price target on the construction company’s stock. Wells Fargo & Co’s price target indicates a potential upside of 10.07% from the stock’s previous close.

Several other brokerages have also recently issued reports on LEN. Wedbush lifted their price objective on Lennar from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Zacks Investment Research cut Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Mizuho reiterated a “hold” rating and issued a $53.00 price objective on shares of Lennar in a research note on Friday, October 27th. UBS Group began coverage on Lennar in a research note on Wednesday, October 25th. They issued a “buy” rating for the company. Finally, BTIG Research lifted their price objective on Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.60.

Lennar (NYSE:LEN) traded up $2.39 during midday trading on Tuesday, reaching $67.23. The company’s stock had a trading volume of 5,642,500 shares, compared to its average volume of 4,678,500. The firm has a market cap of $15,590.00, a P/E ratio of 19.37, a P/E/G ratio of 1.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar has a 52 week low of $42.95 and a 52 week high of $67.40.

Lennar (NYSE:LEN) last released its earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. Lennar’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. sell-side analysts anticipate that Lennar will post 4.04 EPS for the current fiscal year.

In related news, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 371,043 shares in the company, valued at $22,262,580. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total value of $1,280,400.00. Following the sale, the chief operating officer now owns 99,000 shares of the company’s stock, valued at approximately $6,337,980. The disclosure for this sale can be found here. 12.18% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Lennar by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,516,323 shares of the construction company’s stock valued at $400,771,000 after buying an additional 386,110 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Lennar by 9.6% in the second quarter. Alliancebernstein L.P. now owns 2,295,966 shares of the construction company’s stock valued at $122,421,000 after buying an additional 201,379 shares during the last quarter. Capital Growth Management LP lifted its stake in Lennar by 28.2% in the third quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock valued at $57,552,000 after buying an additional 240,000 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Lennar by 2.8% in the third quarter. Eagle Asset Management Inc. now owns 1,076,505 shares of the construction company’s stock valued at $56,860,000 after buying an additional 29,016 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Lennar by 1.0% in the third quarter. Swiss National Bank now owns 748,500 shares of the construction company’s stock valued at $39,521,000 after buying an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar (NYSE:LEN)

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