Lennar (NYSE:LEN) Price Target Lowered to $164.00 at UBS Group

Lennar (NYSE:LEN) had its price objective decreased by UBS Group from $183.00 to $164.00 in a report released on Monday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on LEN. The Goldman Sachs Group reduced their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Royal Bank of Canada lowered their price objective on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods cut shares of Lennar from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $152.00 to $141.00 in a research report on Tuesday, March 11th. Finally, Citigroup cut their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Fifteen analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.73.

Lennar Stock Up 2.0 %

LEN stock opened at $117.52 on Monday. The firm has a 50-day moving average price of $125.81 and a 200-day moving average price of $152.70. Lennar has a 12 month low of $111.26 and a 12 month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $31.20 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

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

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.70%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its stake in 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 acquiring an additional 75 shares during the period. Crews Bank & Trust bought a new position in shares of Lennar in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in Lennar during the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. acquired a new position in Lennar during the fourth quarter worth $30,000. 81.10% of the stock is owned by institutional investors and hedge funds.

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.