Lennar (NYSE:LEN) was downgraded to Market Perform by Raymond James.
In a research note released on Friday, investment analysts Raymond James downgraded their recommendation for Lennar (NYSE:LEN) from an “outperform” rating to a “market perform” rating, as noted in a published report. by The Fly.
Other research analysts have also recently released reports on the stock, which was recently made public. In a research report released Tuesday, July 12, JPMorgan Chase & Co. cut its price target for Lennar shares from $83.00 to $80.00 and changed its rating on the stock from “overweight.” to “neutral” in a research report which They also lowered their rating on the stock from “overweight” to “neutral”. BTIG Research released a research note on Friday, September 23, in which they said they had lowered their price target on Lennar stock from On Friday, August 12, Wedbush lowered their recommendation on Lennar stock from “outperform” to “neutral”. In a research report released Monday, September 19, KeyCorp moved Lennar’s stock from “underweight” to “overweight.” JMP Securities reduced its price target on Lennar shares from $130.00 to $115.00 in a research report released Tuesday, October 12, and gave the stock a “market outperform” rating in a research report released Wednesday, October 13. Seven financial analysts gave the company a buy rating; eight recommended that investors keep their shares and one suggested that shareholders sell their shares. According to data from Bloomberg.com, the company’s average rating is currently “Hold” and the consensus price target for the company is $95.43.
The price of NYSE:LEN was $71.38 when trading began on Friday. Over the past year, Lennar’s price has ranged from its all-time low of $62.54 to its all-time high of $117.54. The debt ratio is 0.18, the quick ratio 0.62, the current ratio 7.73 and the general liquidity ratio 0.62. The company has a market capitalization of $20.78 billion, a price/earnings ratio of 4.72, a price/earnings/growth ratio of 4.31 and a beta value of 1.45. Its price/earnings/growth ratio is the highest of the three ratios. The simple moving average of the company’s stock price over the past 50 days is $78.56, and the simple moving average over the past 200 days is $77.74.
On September 21, Lennar (NYSE: LEN) provided investors with the latest quarterly earnings report it has produced. The construction company reported earnings per share for the quarter at $5.18, $0.42 higher than the consensus estimate of $4.76 per share. Lennar had a return on equity of 23.12% and the company’s net margin was 14.04%. Revenue for the quarter was $8.93 billion, significantly lower than the $9.04 billion that analysts had expected for the period. Construction industry analysts expect Lennar to end the current fiscal year with earnings of $17.5 per share in the company’s stock. The company’s stock has been bought and sold by several institutional investors and hedge funds in the most recent trades involving the company’s stock. The Manufacturers Life Insurance Company increased the number of Lennar shares held by 14.7% in the first three months of 2018. The Manufacturers Life Insurance Company now owns 12,617,934 shares of the company of construction, which are currently valued at $1,027,993,000 after purchasing an additional 1,614,706 shares throughout the year. the most recent period. Maj Invest Holding AS increased the number of Lennar shares it holds by 12.2% during the second quarter of this year. After making a new purchase of 300,008 shares in the most recent period, Maj Invest Holding AS now owns a total of 2,762,255 shares of the construction company, which is currently valued at $194,932,000. The value of these shares was determined after Maj Invest Holding AS made the last purchase. During the second quarter, AQR Capital Management LLC increased the amount of Lennar shares held by a factor of 50.0%. After purchasing an additional 632,255 shares in the most recent period, AQR Capital Management LLC now owns a total of 1,897,507 shares of the construction company, worth $130,340,000. These shares were acquired during the most recent period. During the second quarter, Sound Shore Management, Inc. purchased an additional 2.4% shares of Lennar, bringing the total number of shares it owned to 58.4%. After purchasing an additional 32,295 shares of the construction company in the most recent period, Sound Shore Management Inc CT now owns a total of 1,400,484 shares with an estimated value of $98,832,000. These shares were acquired during the most recent period.
Finally, but by no means the least important, Sound Shore Management, Inc. CT’s stake in Lennar was increased to 111.9%. Sound Shore Management Inc. increased its holding by 722,560 shares during the relevant period because it made additional stock purchases. The total number of construction company shares that CT currently owns is 1,368,189, and the current market value of those shares is $111,056,000. Currently, 81.18% of the company’s shares are held by hedge funds and other institutional investors.
Under the Lennar brand, Lennar Corporation, together with its subsidiaries and affiliates, conducts most of its business in the United States in the area of residential construction. It operates under the banner of seven different business divisions: Multifamily, Lennar Other, Homebuilding East, Homebuilding Central, Homebuilding Texas and Homebuilding West. In addition to the development, construction and sale of attached and detached single-family homes, as well as the acquisition, development and sale of residential properties, the Company’s home construction businesses include the management of multi-family rental properties, as well as as the development, construction and management of multi-family rental properties. Additionally, the Company purchases, develops and sells residential properties as part of its home building business.