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

Shares of Lennar Co. (NYSE:LEN) have been given an average recommendation of “Hold” by the twenty analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $167.50.

A number of analysts have issued reports on the company. The Goldman Sachs Group lowered their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Wells Fargo & Company lowered their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. UBS Group cut 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. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Barclays decreased their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st.

Lennar Trading Down 0.7 %

NYSE:LEN opened at $127.44 on Thursday. The company’s 50 day moving average is $144.26 and its 200-day moving average is $165.63. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar has a 12 month low of $125.21 and a 12 month high of $193.80. The firm has a market cap of $33.84 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.82 EPS. Equities analysts anticipate that Lennar will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.57%. Lennar’s dividend payout ratio is 13.95%.

Hedge Funds Weigh In On Lennar

Institutional investors have recently bought and sold shares of the business. Czech National Bank lifted its position in shares of Lennar by 5.5% during the third quarter. Czech National Bank now owns 49,237 shares of the construction company’s stock worth $9,231,000 after purchasing an additional 2,575 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Lennar by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 3,330 shares of the construction company’s stock worth $624,000 after buying an additional 147 shares in the last quarter. Mather Group LLC. boosted its position in Lennar by 12.2% in the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock valued at $215,000 after buying an additional 125 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Lennar by 16.7% during the third quarter. Atomi Financial Group Inc. now owns 3,444 shares of the construction company’s stock worth $646,000 after acquiring an additional 492 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in shares of Lennar by 23.3% during the third quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company’s stock valued at $377,000 after acquiring an additional 379 shares during the period. Institutional investors 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.