Lennar (NYSE:LEN) Price Target Lowered to $107.00 at UBS Group

Lennar (NYSE:LEN) had its price objective trimmed by UBS Group from $122.00 to $107.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Several other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. Truist Financial lowered their price objective on Lennar from $110.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday. BTIG Research set a $90.00 target price on Lennar in a report on Thursday, December 18th. Wells Fargo & Company cut their target price on Lennar from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Lennar from $125.00 to $115.00 and set a “market perform” rating on the stock in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $103.43.

Lennar Stock Up 1.1%

LEN opened at $96.01 on Monday. The company has a market capitalization of $23.71 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The firm’s fifty day moving average price is $112.33 and its two-hundred day moving average price is $119.27. Lennar has a fifty-two week low of $92.17 and a fifty-two week high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the prior year, the company posted $2.14 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, analysts anticipate that Lennar will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Lennar’s dividend payout ratio (DPR) is presently 28.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEN. Brighton Jones LLC boosted its stake 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. Intech Investment Management LLC increased its stake in shares of Lennar by 29.8% in the first quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock valued at $1,589,000 after buying an additional 3,177 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Lennar by 190.9% in the second quarter. SBI Securities Co. Ltd. now owns 573 shares of the construction company’s stock valued at $63,000 after buying an additional 376 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Lennar by 6.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,944 shares of the construction company’s stock worth $6,299,000 after buying an additional 3,543 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Lennar by 266.7% during the 2nd quarter. SG Americas Securities LLC now owns 107,717 shares of the construction company’s stock worth $11,915,000 after acquiring an additional 78,345 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.