Analysts Set Lennar Co. (NYSE:LEN) Price Target at $151.07

Shares of Lennar Co. (NYSE:LEN) have earned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Fourteen investment 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $151.07.

LEN has been the subject of several recent research reports. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Barclays reduced their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 24th. Wedbush reissued a “neutral” rating and set a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Finally, UBS Group reduced their price target on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th.

Hedge Funds Weigh In On Lennar

Large investors have recently bought and sold shares of the stock. Franchise Capital Ltd purchased a new stake in shares of Lennar in the 1st quarter valued at about $38,000. Wealth Enhancement Advisory Services LLC lifted its stake in Lennar by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 204,431 shares of the construction company’s stock valued at $27,878,000 after buying an additional 1,515 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Lennar by 7.2% in the fourth quarter. Centaurus Financial Inc. now owns 3,149 shares of the construction company’s stock valued at $429,000 after acquiring an additional 212 shares during the period. Cim LLC increased its holdings in shares of Lennar by 0.7% in the 4th quarter. Cim LLC now owns 29,702 shares of the construction company’s stock valued at $4,050,000 after acquiring an additional 212 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in Lennar in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Down 6.3 %

Lennar stock opened at $108.38 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a 50 day moving average price of $122.21 and a 200 day moving average price of $149.44. Lennar has a fifty-two week low of $108.18 and a fifty-two week high of $187.61. The company has a market capitalization of $28.78 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

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

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 14.57%.

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.