Lennar Corporation (NYSE:LEN) Given Consensus Rating of “Hold” by Analysts

Lennar Corporation (NYSE:LEN) has been given a consensus rating of “Hold” by the nineteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $121.75.

A number of analysts have weighed in on LEN shares. Wedbush reissued a “neutral” rating and issued a $130.00 price target on shares of Lennar in a report on Monday, September 22nd. The Goldman Sachs Group increased their target price on shares of Lennar from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Royal Bank Of Canada lifted their target price on Lennar from $98.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Monday, September 22nd. Raymond James Financial cut Lennar from a “market perform” rating to an “underperform” rating in a report on Monday, September 22nd. Finally, JMP Securities lifted their price objective on Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd.

Institutional Trading of Lennar

Several institutional investors have recently made changes to their positions in LEN. Brighton Jones LLC raised its position in Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after purchasing an additional 377 shares in the last quarter. World Investment Advisors raised its holdings in shares of Lennar by 62.8% in the 1st quarter. World Investment Advisors now owns 2,721 shares of the construction company’s stock worth $312,000 after buying an additional 1,050 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Lennar by 5.4% during the 1st quarter. Brown Advisory Inc. now owns 6,965 shares of the construction company’s stock worth $799,000 after buying an additional 354 shares during the period. Greenleaf Trust boosted its stake in Lennar by 4.0% in the 1st quarter. Greenleaf Trust now owns 5,427 shares of the construction company’s stock valued at $623,000 after buying an additional 207 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its position in Lennar by 8.8% in the first quarter. Fidelis Capital Partners LLC now owns 2,672 shares of the construction company’s stock valued at $288,000 after acquiring an additional 215 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of NYSE:LEN opened at $121.27 on Friday. The company has a market cap of $30.93 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 5.78 and a beta of 1.33. The business has a 50 day moving average price of $127.66 and a 200 day moving average price of $118.68. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. Lennar has a twelve month low of $98.42 and a twelve month high of $180.12.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.90 earnings per share. Research analysts predict that Lennar will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Lennar’s payout ratio is currently 19.76%.

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.