Lennar (NYSE:LEN) Price Target Lowered to $130.00 at Wells Fargo & Company

Lennar (NYSE:LEN) had its price target decreased by Wells Fargo & Company from $145.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price target on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Bank of America reduced their target price on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, Royal Bank of Canada cut 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Performance

Shares of Lennar stock opened at $122.37 on Tuesday. The business has a 50-day simple moving average of $135.97 and a 200-day simple moving average of $162.41. The company has a market cap of $32.49 billion, a PE ratio of 8.53, a P/E/G ratio of 1.28 and a beta of 1.67. Lennar has a one year low of $119.25 and a one year high of $193.80. 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 (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the prior year, the company posted $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts forecast that Lennar will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

Institutional Investors Weigh In On Lennar

Several institutional investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its holdings in Lennar by 69.4% during the fourth 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 last quarter. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of Lennar during the fourth quarter worth $26,000. Oakworth Capital Inc. bought a new stake in shares of Lennar in the third quarter valued at about $27,000. Finally, SBI Securities Co. Ltd. bought a new position in Lennar during the fourth quarter worth about $28,000. 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.