Lennar (NYSE:LEN) Rating Reiterated by Citigroup

Lennar (NYSE:LEN)‘s stock had its “neutral” rating restated by Citigroup in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $164.00 price target on the construction company’s stock, down from their prior price target of $174.00. Citigroup’s price target indicates a potential upside of 14.36% from the company’s current price.

A number of other analysts have also issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $183.00 price objective on shares of Lennar in a research note on Tuesday, June 18th. Barclays lifted their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research note on Thursday, March 14th. JMP Securities reiterated a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research note on Thursday, June 20th. Finally, StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $166.69.

Lennar Price Performance

LEN opened at $143.41 on Tuesday. The company’s 50 day simple moving average is $155.87 and its 200 day simple moving average is $155.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar has a 1 year low of $102.90 and a 1 year high of $172.59. The stock has a market capitalization of $39.92 billion, a PE ratio of 9.75, a P/E/G ratio of 1.35 and a beta of 1.60.

Insider Buying and Selling

In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the sale, the executive vice president now owns 128,629 shares of the company’s stock, valued at $20,927,938.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lennar news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the sale, the executive vice president now directly owns 128,629 shares in the company, valued at $20,927,938.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Banse purchased 1,575 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The disclosure for this purchase can be found here. Insiders sold 29,176 shares of company stock valued at $4,841,039 over the last 90 days. 9.36% of the stock is currently owned by company insiders.

Institutional Trading of Lennar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. increased its holdings in shares of Lennar by 7.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock valued at $153,000 after purchasing an additional 69 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Lennar by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after purchasing an additional 70 shares during the period. Nilsine Partners LLC increased its holdings in shares of Lennar by 1.7% in the 1st quarter. Nilsine Partners LLC now owns 4,554 shares of the construction company’s stock valued at $783,000 after purchasing an additional 75 shares during the period. Savant Capital LLC increased its holdings in shares of Lennar by 0.9% in the 4th quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 78 shares during the period. Finally, RFG Advisory LLC increased its holdings in shares of Lennar by 2.1% in the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Company Profile

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.