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

Shares of Lennar Co. (NYSE:LENGet Free Report) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $163.88.

A number of brokerages recently issued reports on LEN. Citigroup raised their price objective on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush reiterated an “underperform” rating and set a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. UBS Group raised their target price on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. reduced their price target on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th.

Get Our Latest Research Report on LEN

Lennar Stock Down 0.6 %

Shares of NYSE LEN opened at $162.01 on Tuesday. Lennar has a 52 week low of $102.90 and a 52 week high of $172.59. The stock’s fifty day moving average is $160.25 and its 200 day moving average is $147.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The stock has a market capitalization of $45.09 billion, a P/E ratio of 11.35, a PEG ratio of 1.52 and a beta of 1.55.

Lennar (NYSE:LENGet Free Report) last issued its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. Lennar’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Sell-side analysts forecast that Lennar will post 14.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, April 23rd. Lennar’s dividend payout ratio is 14.02%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Lennar by 5.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock worth $734,477,000 after purchasing an additional 366,983 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Lennar by 3.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company’s stock worth $399,611,000 after purchasing an additional 79,217 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Lennar by 3.6% in the first quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock worth $303,585,000 after purchasing an additional 60,713 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lennar by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,550,371 shares of the construction company’s stock worth $231,067,000 after purchasing an additional 8,008 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Lennar by 47.6% in the third quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock worth $168,486,000 after purchasing an additional 484,056 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

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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