Lennar Co. (NYSE:LEN) Receives Consensus Recommendation of “Hold” from Analysts

Lennar Co. (NYSE:LEN) has received an average recommendation of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $167.50.

LEN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Barclays reduced their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. UBS Group dropped their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price on the stock in a report on Friday, January 10th.

Lennar Stock Performance

LEN stock opened at $127.44 on Thursday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar has a twelve month low of $125.21 and a twelve month high of $193.80. The business’s fifty day moving average is $144.26 and its 200-day moving average is $165.63. The company has a market cap of $33.84 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last announced its quarterly earnings results 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 net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the company earned $4.82 earnings per share. The business’s revenue was down 9.3% compared to the same quarter last year. Equities research analysts forecast that Lennar will post 12.52 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.57%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Hedge Funds Weigh In On Lennar

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. boosted its stake in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after acquiring an additional 66 shares during the period. Centaurus Financial Inc. raised its position in shares of Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after purchasing an additional 71 shares during the period. Commerce Bank lifted its stake in shares of Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after buying an additional 74 shares during the last quarter. Jupiter Wealth Management LLC boosted its holdings in shares of Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after buying an additional 75 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in 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 acquiring an additional 75 shares during the period. 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.