Lennar Co. (NYSE:LEN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lennar Co. (NYSE:LEN) have received an average rating of “Hold” from the twenty analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $180.56.

A number of research firms have recently weighed in on LEN. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Keefe, Bruyette & Woods boosted their price objective on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. JMP Securities raised their target price on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Wednesday, September 25th. Finally, Wedbush reiterated a “neutral” rating and set a $144.00 price target on shares of Lennar in a report on Friday, September 20th.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.36% of the stock is owned by corporate insiders.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. raised its stake in Lennar by 2.2% during the third 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. Lakewood Asset Management LLC raised its position in shares of Lennar by 0.8% during the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after purchasing an additional 70 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in Lennar by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after purchasing an additional 73 shares during the period. Finally, Aaron Wealth Advisors LLC grew its stake in Lennar by 5.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

LEN stock opened at $169.17 on Friday. Lennar has a 52-week low of $125.17 and a 52-week high of $193.80. The business has a fifty day moving average of $178.07 and a two-hundred day moving average of $169.20. The stock has a market cap of $45.89 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same period last year, the business earned $3.91 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Lennar will post 14.18 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.25%.

About Lennar

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.