Lennar Co. (NYSE:LEN) Receives $180.56 Consensus PT from Analysts

Shares of Lennar Co. (NYSE:LEN) have been assigned an average rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $180.56.

A number of research firms have commented on LEN. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. boosted their target price on Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. JMP Securities boosted their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods boosted their target price on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEN. Edgestream Partners L.P. acquired a new stake in shares of Lennar in the first quarter valued at about $280,000. Axxcess Wealth Management LLC acquired a new stake in shares of Lennar in the first quarter valued at about $221,000. 1832 Asset Management L.P. grew its stake in shares of Lennar by 21.4% in the first quarter. 1832 Asset Management L.P. now owns 24,380 shares of the construction company’s stock valued at $4,193,000 after buying an additional 4,294 shares in the last quarter. BOKF NA grew its stake in shares of Lennar by 2.7% in the first quarter. BOKF NA now owns 27,570 shares of the construction company’s stock valued at $4,627,000 after buying an additional 728 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Lennar by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 350,987 shares of the construction company’s stock valued at $60,364,000 after buying an additional 6,136 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 5.6 %

Lennar stock opened at $178.70 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar has a 1-year low of $125.17 and a 1-year high of $193.80. The company has a market cap of $48.47 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The stock’s 50 day moving average price is $177.90 and its 200 day moving average price is $169.46.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the previous year, the business earned $3.91 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Lennar will post 14.18 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.12%. Lennar’s dividend payout ratio is presently 13.25%.

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.