Lennar (NYSE:LEN) Price Target Lowered to $205.00 at UBS Group

Lennar (NYSE:LEN) had its price objective trimmed by UBS Group from $225.00 to $205.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company decreased their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday. JMP Securities boosted their price objective on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Citigroup lifted their target price on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Finally, Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $175.94.

Lennar Trading Down 0.2 %

LEN opened at $138.08 on Friday. The company’s 50 day moving average price is $168.98 and its two-hundred day moving average price is $169.43. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.31 and a beta of 1.61. Lennar has a fifty-two week low of $135.21 and a fifty-two week high of $193.80. 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 (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the business earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts predict that Lennar will post 14.11 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennar

Several hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in shares of Lennar by 2.2% during the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after buying an additional 66 shares during the last quarter. Centaurus Financial Inc. raised its stake in Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after buying an additional 71 shares during the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Lennar by 5.0% in the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after acquiring an additional 74 shares during the period. Commerce Bank lifted its holdings in Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after acquiring an additional 74 shares during the period. Finally, Jupiter Wealth Management LLC grew its stake in shares of Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock valued at $1,437,000 after purchasing an additional 75 shares during the period. 81.10% of the stock is owned by institutional investors.

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.