Lennar (NYSE:LEN) Price Target Lowered to $120.00 at The Goldman Sachs Group

Lennar (NYSE:LEN) had its price objective decreased by The Goldman Sachs Group from $141.00 to $120.00 in a research note published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the construction company’s stock.

Several other analysts have also commented on the stock. Barclays cut their target price on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods cut their target price on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, Bank of America cut their price objective on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.07.

Lennar Stock Performance

Shares of NYSE LEN opened at $117.81 on Tuesday. Lennar has a 1 year low of $111.26 and a 1 year high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock has a fifty day moving average price of $125.47 and a two-hundred day moving average price of $152.27. The firm has a market cap of $31.28 billion, a P/E ratio of 8.22, a PEG ratio of 1.24 and a beta of 1.69.

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

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.70%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is presently 14.57%.

Institutional Trading of Lennar

Several large investors have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. lifted its stake in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in shares of Lennar during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the 4th quarter valued at about $28,000. Finally, Ameriflex Group Inc. bought a new position in shares of Lennar in the 4th quarter valued at approximately $30,000. 81.10% of the stock is owned by institutional investors.

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.