Lennar Co. (NYSE:LEN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lennar Co. (NYSE:LEN) have earned a consensus rating of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $182.88.

A number of research firms recently weighed in on LEN. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Barclays cut Lennar from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $210.00 to $181.00 in a research report on Wednesday, December 11th. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Bank Of America (Bofa) lifted their price objective on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, 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 research note on Wednesday, September 25th.

Lennar Trading Down 0.3 %

Shares of LEN stock opened at $151.52 on Wednesday. Lennar has a 1 year low of $140.65 and a 1 year high of $193.80. The firm has a fifty day moving average price of $171.26 and a 200-day moving average price of $169.97. The company has a market cap of $41.10 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. The firm had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.91 earnings per share. As a group, equities analysts predict that Lennar will post 14.11 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.25%.

Insider Buying and Selling at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennar

A number of institutional investors and hedge funds have recently bought and sold shares of LEN. Oakworth Capital Inc. bought a new position in shares of Lennar during the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its position in Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Lennar in the 3rd quarter valued at $30,000. Asset Dedication LLC lifted its stake in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, DT Investment Partners LLC boosted its position in Lennar by 523.3% during the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after purchasing an additional 157 shares in the last quarter. 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.