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

Shares of Lennar Co. (NYSE:LEN) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $151.07.

Several equities analysts have issued reports on LEN shares. Keefe, Bruyette & Woods cut their price target on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a report on Tuesday. UBS Group reduced their target price on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Evercore ISI restated an “in-line” rating and set a $131.00 price target (down previously from $159.00) on shares of Lennar in a research note on Monday.

Lennar Stock Performance

Shares of LEN stock opened at $118.09 on Friday. The company’s 50 day moving average is $124.60 and its 200 day moving average is $151.79. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a 52-week low of $111.26 and a 52-week high of $187.61.

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

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 annualized dividend and a yield of 1.69%. Lennar’s dividend payout ratio is presently 14.57%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEN. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% in the 4th 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 in the last quarter. Crews Bank & Trust purchased a new stake in shares of Lennar in the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in shares of Lennar during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. purchased a new stake in Lennar in the 4th quarter worth $30,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.