Wedbush Upgrades Lennar (NYSE:LEN) to “Neutral”

Lennar (NYSE:LENGet Free Report) was upgraded by stock analysts at Wedbush from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a $144.00 price target on the construction company’s stock. Wedbush’s price objective would indicate a potential downside of 1.16% from the company’s current price.

Several other equities analysts have also recently weighed in on LEN. UBS Group increased their price objective on shares of Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. BTIG Research decreased their target price on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Oppenheimer reaffirmed a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $183.00 target price on shares of Lennar in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $166.69.

Check Out Our Latest Analysis on LEN

Lennar Stock Up 2.2 %

Lennar stock opened at $145.69 on Tuesday. Lennar has a one year low of $102.90 and a one year high of $172.59. The stock has a fifty day moving average of $154.66 and a 200 day moving average of $155.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The stock has a market cap of $40.55 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60.

Insider Buying and Selling at Lennar

In related news, VP Mark Sustana sold 9,176 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the transaction, the vice president now directly owns 16,768 shares in the company, valued at approximately $2,764,707.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Mark Sustana sold 9,176 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares in the company, valued at approximately $2,764,707.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total value of $1,701,100.00. Following the completion of the sale, the insider now owns 118,629 shares in the company, valued at approximately $20,179,979.19. The disclosure for this sale can be found here. Insiders have sold 29,176 shares of company stock worth $4,841,039 over the last quarter. Insiders own 9.36% of the company’s stock.

Institutional Investors Weigh In On Lennar

Several large investors have recently added to or reduced their stakes in LEN. Benjamin Edwards Inc. boosted its holdings in shares of Lennar by 7.2% in the fourth 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. lifted 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 worth $663,000 after buying an additional 70 shares during the period. Nilsine Partners LLC grew its position in shares of Lennar by 1.7% during the 1st quarter. Nilsine Partners LLC now owns 4,554 shares of the construction company’s stock worth $783,000 after buying an additional 75 shares in the last quarter. Savant Capital LLC increased its stake in shares of Lennar by 0.9% during the fourth quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock valued at $1,246,000 after buying an additional 78 shares during the period. Finally, RFG Advisory LLC raised its holdings in shares of Lennar by 2.1% in the fourth quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after acquiring an additional 79 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lennar (NYSE:LEN)

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