Brokerages Set Lennar Co. (NYSE:LEN) Target Price at $163.88

Shares of Lennar Co. (NYSE:LENGet Free Report) have received an average rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $163.88.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Wedbush restated an “underperform” rating and set a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Citigroup boosted their price target on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Barclays boosted their price target on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th.

Get Our Latest Stock Analysis on LEN

Insider Transactions at Lennar

In other news, Director Amy Banse acquired 1,575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average cost of $157.00 per share, with a total value of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.36% of the stock is currently owned by company insiders.

Institutional Trading of Lennar

A number of hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in Lennar by 7.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock valued at $153,000 after purchasing an additional 69 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Lennar by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after purchasing an additional 70 shares during the period. Savant Capital LLC boosted its holdings in Lennar by 0.9% in the 4th quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 78 shares during the period. RFG Advisory LLC boosted its holdings in Lennar by 2.1% in the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after purchasing an additional 79 shares during the period. Finally, FFT Wealth Management LLC boosted its holdings in Lennar by 3.3% in the 4th quarter. FFT Wealth Management LLC now owns 2,646 shares of the construction company’s stock valued at $394,000 after purchasing an additional 85 shares during the period. 81.10% of the stock is owned by institutional investors.

Lennar Stock Up 0.4 %

LEN stock opened at $152.49 on Friday. Lennar has a 12 month low of $102.90 and a 12 month high of $172.59. The firm has a market cap of $42.44 billion, a PE ratio of 10.69, a P/E/G ratio of 1.42 and a beta of 1.53. The firm has a 50 day simple moving average of $159.62 and a 200 day simple moving average of $142.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27.

Lennar (NYSE:LENGet Free Report) last released its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period in the prior year, the business earned $2.12 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Lennar will post 14.46 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Lennar’s dividend payout ratio (DPR) is 14.02%.

Lennar Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lennar (NYSE:LEN)

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