Lennar (NYSE:LEN) Price Target Raised to $180.00 at Argus

Lennar (NYSE:LEN) had its target price upped by Argus from $175.00 to $180.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts also recently issued research reports about the company. Evercore ISI cut their price target on Lennar from $238.00 to $237.00 and set an outperform rating for the company in a research note on Thursday, June 20th. JMP Securities restated a market outperform rating and set a $170.00 price target on shares of Lennar in a research note on Thursday, June 20th. Citigroup reduced their price objective on shares of Lennar from $198.00 to $174.00 and set a buy rating for the company in a research note on Friday, June 21st. Wells Fargo & Company raised their price target on Lennar from $165.00 to $175.00 and gave the stock an overweight rating in a report on Friday, March 15th. Finally, UBS Group boosted their price objective on Lennar from $190.00 to $198.00 and gave the company a buy rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $167.31.

Lennar Trading Up 0.1 %

NYSE:LEN opened at $149.12 on Thursday. The firm’s 50 day moving average is $156.30 and its 200 day moving average is $155.33. Lennar has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a market capitalization of $41.51 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. Lennar’s dividend payout ratio is 13.60%.

Insiders Place Their Bets

In other Lennar news, Director Amy Banse acquired 1,575 shares of the stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Amy Banse bought 1,575 shares of the stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the purchase, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $162.70, for a total value of $1,627,000.00. Following the transaction, the executive vice president now owns 128,629 shares in the company, valued at $20,927,938.30. The disclosure for this sale can be found here. Insiders sold a total of 29,176 shares of company stock valued at $4,841,039 over the last quarter. 9.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lennar

A number of large investors have recently added to or reduced their stakes in the company. Integrated Advisors Network LLC grew its stake in shares of Lennar by 177.3% in the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after purchasing an additional 19,985 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Lennar by 331.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after buying an additional 9,246 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in Lennar in the fourth quarter worth $838,000. Coastline Trust Co boosted its holdings in Lennar by 80.8% in the fourth quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock valued at $3,654,000 after acquiring an additional 10,957 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Lennar by 53.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company’s stock valued at $5,056,000 after purchasing an additional 11,851 shares during the period. Institutional investors 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.