Lennar Co. (NYSE:LEN) Given Consensus Recommendation of “Hold” by Analysts

Lennar Co. (NYSE:LEN) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Fourteen analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $150.07.

LEN has been the subject of a number of research reports. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America decreased their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. UBS Group reduced their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. The Goldman Sachs Group lowered their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Finally, StockNews.com upgraded shares of Lennar from a “sell” rating to a “hold” rating in a report on Friday.

Lennar Trading Down 0.9 %

Shares of Lennar stock opened at $103.81 on Tuesday. The firm has a market cap of $27.38 billion, a PE ratio of 7.24, a P/E/G ratio of 1.24 and a beta of 1.51. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The business’s fifty day moving average is $115.67 and its two-hundred day moving average is $141.28.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $2.57 EPS. Analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Wednesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Institutional Investors Weigh In On Lennar

Large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new position in shares of Lennar in the 4th quarter valued at approximately $218,533,000. Pacer Advisors Inc. lifted its stake in shares of Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after buying an additional 589,553 shares during the last quarter. Wellington Management Group LLP raised its holdings in Lennar by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company’s stock worth $441,769,000 after acquiring an additional 515,378 shares during the period. Nordea Investment Management AB boosted its holdings in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after acquiring an additional 397,492 shares during the period. Finally, D1 Capital Partners L.P. lifted its position in shares of Lennar by 67.3% during the 4th quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company’s stock worth $88,116,000 after purchasing an additional 270,433 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

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.