Lennar (NYSE:LEN) Given In-Line Rating at Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Lennar (NYSE:LEN) in a research report report published on Monday, Marketbeat Ratings reports. Evercore ISI currently has a $131.00 price target on the construction company’s stock, down from their prior price target of $159.00.

Several other equities analysts have also recently weighed in on LEN. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada decreased their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, UBS Group reduced their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $154.73.

Lennar Trading Up 2.0 %

Shares of Lennar stock opened at $117.52 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar has a 52 week low of $111.26 and a 52 week high of $187.61. The stock has a 50 day moving average price of $125.81 and a two-hundred day moving average price of $152.70. The stock has a market capitalization of $31.20 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the business posted $2.57 EPS. Lennar’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Lennar will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid 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 1.70%. Lennar’s payout ratio is 14.57%.

Institutional Investors Weigh In On Lennar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its position in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust bought a new stake in Lennar during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new stake in shares of Lennar during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar in the fourth quarter valued at $28,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Lennar during the 4th quarter valued at $30,000. 81.10% of the stock is currently 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.