Lennar Co. (NYSE:LEN) Receives $182.88 Consensus PT from Analysts

Shares of Lennar Co. (NYSE:LEN) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $175.94.

A number of research analysts have issued reports on the stock. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Wedbush reissued a “neutral” rating and issued a $164.00 price objective on shares of Lennar in a report on Thursday. Bank Of America (Bofa) lifted their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company decreased their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Evercore ISI reduced their price objective on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Monday, September 23rd.

Lennar Stock Performance

Shares of LEN stock opened at $138.08 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $168.98 and a two-hundred day moving average of $169.43. The company has a market cap of $37.45 billion, a P/E ratio of 9.14, a PEG ratio of 1.31 and a beta of 1.61. Lennar has a 52 week low of $135.21 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the previous year, the company earned $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, analysts anticipate that Lennar will post 14.11 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.45%. Lennar’s payout ratio is presently 13.25%.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Institutional Trading of Lennar

Several institutional investors have recently made changes to their positions in LEN. Oakworth Capital Inc. purchased a new stake in Lennar in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Lennar during the third quarter valued at $30,000. Asset Dedication LLC grew its stake in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in shares of Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after purchasing an additional 157 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

About Lennar

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.