Lennar Co. (NYSE:LEN) Receives Consensus Rating of "Hold" from Analysts

Shares of Lennar Co. (NYSE:LEN - Get Free Report) have received a consensus recommendation of "Hold" from the nineteen ratings firms that are covering the stock, MarketBeat reports. Fourteen research 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 12 month target price among analysts that have issued a report on the stock in the last year is $151.07.

Several equities research analysts recently weighed in on LEN shares. BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. UBS Group lowered their target price on shares of Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Wells Fargo & Company dropped their price objective on shares of Lennar from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday.

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Institutional Trading of Lennar

Several large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings in Lennar by 3.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock valued at $834,115,000 after buying an additional 213,003 shares during the last quarter. Pacer Advisors Inc. lifted its position 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 valued at $446,110,000 after acquiring an additional 589,553 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after acquiring an additional 515,378 shares during the last quarter. Nordea Investment Management AB raised its stake in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after purchasing an additional 397,492 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in Lennar in the 4th quarter valued at about $218,533,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 0.8 %

LEN traded up $0.86 on Friday, hitting $114.79. 3,378,293 shares of the company were exchanged, compared to its average volume of 2,483,276. The firm has a 50-day moving average price of $123.51 and a two-hundred day moving average price of $150.47. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar has a twelve month low of $111.26 and a twelve month high of $187.61. The company has a market cap of $30.48 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that Lennar will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, January 29th. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.