Lennar Co. (NYSE:LEN) Receives $167.50 Consensus Target Price from Brokerages

Shares of Lennar Co. (NYSE:LEN - Get Free Report) have received a consensus recommendation of "Hold" from the twenty research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $167.19.

Several research firms recently commented on LEN. Bank of America decreased their target price on Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Wells Fargo & Company cut their target price on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. UBS Group decreased their price target on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on shares of Lennar from $130.00 to $125.00 and set a "sector perform" rating on the stock in a research report on Thursday.

Lennar Trading Down 4.2 %

Lennar stock traded down $5.30 during mid-day trading on Thursday, hitting $121.95. 6,100,776 shares of the stock were exchanged, compared to its average volume of 3,580,348. The stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.28 and a beta of 1.67. Lennar has a 12 month low of $121.40 and a 12 month high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm's fifty day simple moving average is $141.34 and its two-hundred day simple moving average is $164.69.

Lennar (NYSE:LEN - Get Free Report) last released 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 net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the firm earned $4.82 EPS. Lennar's quarterly revenue was down 9.3% on a year-over-year basis. Analysts forecast that Lennar will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar's dividend payout ratio (DPR) is currently 13.95%.

Institutional Trading of Lennar

A number of large investors have recently added to or reduced their stakes in the stock. Czech National Bank raised its holdings in shares of Lennar by 5.5% in the 3rd quarter. Czech National Bank now owns 49,237 shares of the construction company's stock worth $9,231,000 after purchasing an additional 2,575 shares during the period. Fulton Bank N.A. raised its stake in shares of Lennar by 4.6% in the third quarter. Fulton Bank N.A. now owns 3,330 shares of the construction company's stock valued at $624,000 after buying an additional 147 shares during the period. Mather Group LLC. grew its stake in shares of Lennar by 12.2% during the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company's stock worth $215,000 after acquiring an additional 125 shares during the period. Atomi Financial Group Inc. increased its holdings in Lennar by 16.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,444 shares of the construction company's stock worth $646,000 after acquiring an additional 492 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in Lennar by 23.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company's stock valued at $377,000 after acquiring an additional 379 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

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.