Lennar (NYSE:LEN) Earns Hold Rating from Analysts at Truist Financial

Research analysts at Truist Financial began coverage on shares of Lennar (NYSE:LEN) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “hold” rating and a $110.00 price target on the construction company’s stock. Truist Financial’s price target would indicate a potential upside of 1.41% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on LEN. Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research report on Thursday, January 22nd. Evercore cut Lennar from an “in-line” rating to an “underperform” rating and cut their price target for the company from $114.00 to $92.00 in a research note on Thursday, December 18th. Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research note on Monday, December 8th. Royal Bank Of Canada set a $88.00 target price on Lennar in a report on Friday, January 9th. Finally, Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, Lennar currently has a consensus rating of “Reduce” and a consensus target price of $106.64.

Lennar Stock Performance

Shares of LEN opened at $108.47 on Wednesday. The company has a market cap of $26.79 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. The firm has a 50-day moving average of $113.27 and a 200-day moving average of $121.41. Lennar has a one year low of $98.42 and a one year high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $4.03 EPS. As a group, equities analysts forecast that Lennar will post 12.48 earnings per share for the current year.

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Guerra Advisors Inc bought a new position in Lennar during the 3rd quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar during the third quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new stake in Lennar during the 3rd quarter worth about $26,000. High Point Wealth Management LLC bought a new position in shares of Lennar in the 4th quarter worth about $31,000. Finally, DV Equities LLC acquired a new position in shares of Lennar in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.