Lennar Co. (NYSE:LEN) Receives Average Rating of “Hold” from Analysts

Lennar Co. (NYSE:LEN) has been assigned a consensus recommendation of “Hold” from the twenty research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $167.19.

Several analysts recently issued reports on LEN shares. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Barclays lowered their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Wedbush reaffirmed a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. Finally, Royal Bank of Canada reduced their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th.

Lennar Stock Up 0.6 %

LEN stock opened at $122.61 on Thursday. Lennar has a 1 year low of $121.40 and a 1 year high of $193.80. The company has a fifty day simple moving average of $141.34 and a 200 day simple moving average of $164.66. 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 firm has a market cap of $32.56 billion, a PE ratio of 8.55, a PEG ratio of 1.28 and a beta of 1.67.

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). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.82 EPS. Sell-side analysts anticipate that Lennar will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. Lennar’s payout ratio is presently 13.95%.

Institutional Trading of Lennar

Several institutional investors have recently bought and sold shares of LEN. Generali Asset Management SPA SGR bought a new position in shares of Lennar during the fourth quarter valued at $5,400,000. Horizon Investments LLC lifted its holdings in Lennar by 2.1% during the 4th quarter. Horizon Investments LLC now owns 4,818 shares of the construction company’s stock valued at $629,000 after purchasing an additional 98 shares during the last quarter. TCTC Holdings LLC boosted its position in Lennar by 458.8% in the fourth quarter. TCTC Holdings LLC now owns 447 shares of the construction company’s stock valued at $61,000 after buying an additional 367 shares in the last quarter. Cibc World Markets Corp increased its holdings in shares of Lennar by 14.9% during the fourth quarter. Cibc World Markets Corp now owns 37,654 shares of the construction company’s stock worth $5,135,000 after buying an additional 4,889 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Lennar by 10.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 672 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.