Lennar (NYSE:LEN) Price Target Lowered to $237.00 at Evercore ISI

Lennar (NYSE:LEN) had its price objective cut by Evercore ISI from $238.00 to $237.00 in a report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. JMP Securities reaffirmed a market outperform rating and issued a $170.00 target price on shares of Lennar in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lennar from $110.00 to $122.00 and gave the stock a sell rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $161.00 to $157.00 and set a neutral rating on the stock in a research report on Monday, March 18th. Oppenheimer reaffirmed a market perform rating on shares of Lennar in a research report on Friday, March 15th. Finally, Wells Fargo & Company upped their target price on shares of Lennar from $165.00 to $175.00 and gave the stock an overweight rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $168.07.

Lennar Stock Up 0.3 %

Shares of Lennar stock opened at $149.19 on Thursday. The company has a current ratio of 4.93, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $156.70 and its two-hundred day simple moving average is $154.78. The company has a market cap of $41.53 billion, a P/E ratio of 10.14, a PEG ratio of 1.39 and a beta of 1.56. Lennar has a 12-month low of $102.90 and a 12-month high of $172.59.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lennar’s dividend payout ratio is currently 13.60%.

Insider Buying and Selling at Lennar

In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares in the company, valued at approximately $20,179,979.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares in the company, valued at approximately $20,179,979.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Banse bought 1,575 shares of the stock in a transaction on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the purchase, the director now directly owns 11,859 shares in the company, valued at approximately $1,861,863. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 29,176 shares of company stock worth $4,841,039. Company insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC lifted its stake in shares of Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Lennar in the 3rd quarter worth approximately $28,000. J.Safra Asset Management Corp bought a new position in shares of Lennar in the 1st quarter worth approximately $30,000. New Covenant Trust Company N.A. bought a new position in shares of Lennar in the 1st quarter worth approximately $32,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Lennar during the 1st quarter worth approximately $35,000. Institutional investors 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.