Lennar (NYSE:LEN) Price Target Cut to $125.00 by Analysts at Wells Fargo & Company

Lennar (NYSE:LEN) had its price objective decreased by Wells Fargo & Company from $130.00 to $125.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

LEN has been the topic of a number of other research reports. Wedbush reissued a “neutral” rating and issued a $158.00 target price on shares of Lennar in a report on Monday. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Barclays reduced their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods downgraded shares of Lennar from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $152.00 to $141.00 in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lennar has a consensus rating of “Hold” and a consensus target price of $164.53.

Lennar Trading Down 0.4 %

NYSE LEN opened at $118.49 on Tuesday. The company’s fifty day moving average price is $126.92 and its two-hundred day moving average price is $154.42. The company has a market capitalization of $31.46 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar has a 12 month low of $115.61 and a 12 month high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the business posted $4.82 EPS. Lennar’s revenue was down 9.3% compared to the same quarter last year. As a group, research analysts predict that Lennar will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.69%. Lennar’s dividend payout ratio is 13.95%.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently modified their holdings of the business. Armstrong Advisory Group Inc. increased its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Lennar in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar during the 4th quarter worth approximately $28,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Lennar during the fourth quarter valued at approximately $30,000. 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.