Lennar Co. (NYSE:LEN) Receives $182.88 Average PT from Brokerages

Shares of Lennar Co. (NYSE:LEN - Get Free Report) have received an average recommendation of "Hold" from the nineteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $182.88.

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Lennar from a "buy" rating to a "hold" rating in a research report on Saturday, September 28th. Barclays downgraded shares of Lennar from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $210.00 to $181.00 in a research report on Wednesday, December 11th. Bank of America raised their price target on shares of Lennar from $171.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Wells Fargo & Company decreased their price objective on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Citigroup boosted their price target on Lennar from $164.00 to $196.00 and gave the stock a "neutral" rating in a research note on Monday, September 23rd.

Insider Buying and Selling 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 value of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in shares of Lennar during the third quarter valued at $27,000. Wolff Wiese Magana LLC increased its stake in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock valued at $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new stake in Lennar during the third quarter worth approximately $30,000. Asset Dedication LLC lifted its position in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, DT Investment Partners LLC boosted its stake in Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company's stock valued at $35,000 after purchasing an additional 157 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Trading Down 3.7 %

Shares of NYSE:LEN traded down $5.54 during trading on Wednesday, reaching $145.93. 4,506,809 shares of the stock were exchanged, compared to its average volume of 2,060,644. Lennar has a 12-month low of $140.65 and a 12-month high of $193.80. The firm's 50-day moving average price is $171.26 and its 200 day moving average price is $169.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The firm has a market cap of $39.58 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $10.06 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business's revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.82 EPS. On average, sell-side analysts anticipate that Lennar will post 14.11 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.37%. Lennar's dividend payout ratio (DPR) is 13.25%.

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.