Analysts Set Lennar Co. (NYSE:LEN) PT at $163.88

Lennar Co. (NYSE:LEN) has earned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $163.88.

LEN has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. UBS Group cut their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Wells Fargo & Company cut their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd.

Institutional Trading of Lennar

Several large investors have recently bought and sold shares of LEN. Stephens Inc. AR purchased a new stake in Lennar during the 3rd quarter worth approximately $228,000. Gladstone Institutional Advisory LLC grew its position in Lennar by 5.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,899 shares of the construction company’s stock worth $543,000 after purchasing an additional 149 shares during the last quarter. Americana Partners LLC purchased a new stake in Lennar during the 3rd quarter worth approximately $262,000. Confluence Wealth Services Inc. lifted its stake in Lennar by 2.1% during the 3rd quarter. Confluence Wealth Services Inc. now owns 7,507 shares of the construction company’s stock valued at $1,407,000 after acquiring an additional 157 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Lennar by 10.5% during the 3rd quarter. Van ECK Associates Corp now owns 43,831 shares of the construction company’s stock valued at $7,564,000 after acquiring an additional 4,179 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 2.9 %

Shares of LEN opened at $122.16 on Monday. Lennar has a 1-year low of $116.67 and a 1-year high of $187.61. The company has a 50-day moving average of $129.60 and a 200 day moving average of $158.33. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. 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 business earned $4.82 EPS. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, research analysts expect that Lennar will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 1.64%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.