Lennar (NYSE:LEN) Price Target Lowered to $110.00 at Barclays

Lennar (NYSE:LEN) had its price objective reduced by Barclays from $121.00 to $110.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

A number of other analysts have also recently commented on LEN. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Evercore ISI restated an “in-line” rating and issued a $131.00 price target (down from $159.00) on shares of Lennar in a report on Monday. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Royal Bank of Canada lowered their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered shares of Lennar from an “outperform” rating to a “market perform” rating and cut their price target for the company from $152.00 to $141.00 in a research note on Tuesday, March 11th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.73.

Lennar Price Performance

Shares of LEN opened at $117.52 on Monday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market cap of $31.20 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The stock’s 50-day moving average price is $125.81 and its two-hundred day moving average price is $152.70. Lennar has a 1 year low of $111.26 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter last year, the firm earned $2.57 EPS. Lennar’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Lennar will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 14.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LEN. Wealth Enhancement Advisory Services LLC raised its stake in shares of Lennar by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,431 shares of the construction company’s stock worth $27,878,000 after purchasing an additional 1,515 shares in the last quarter. Centaurus Financial Inc. raised its position in Lennar by 7.2% during the fourth quarter. Centaurus Financial Inc. now owns 3,149 shares of the construction company’s stock worth $429,000 after acquiring an additional 212 shares in the last quarter. Cim LLC lifted its stake in Lennar by 0.7% in the fourth quarter. Cim LLC now owns 29,702 shares of the construction company’s stock valued at $4,050,000 after acquiring an additional 212 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Lennar in the 4th quarter valued at about $47,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Lennar during the 4th quarter worth about $17,586,000. 81.10% of the stock is owned by institutional investors and hedge funds.

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.