Brokerages Set Lennar Co. (NYSE:LEN) PT at $181.94

Lennar Co. (NYSE:LEN - Get Free Report) has been given an average recommendation of "Hold" by the twenty brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $181.94.

A number of equities analysts have commented on LEN shares. Citigroup lifted 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. Evercore ISI reduced their target price on Lennar from $240.00 to $236.00 and set an "outperform" rating on the stock in a research note on Monday, September 23rd. Raymond James cut Lennar from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. boosted their target price on Lennar from $154.00 to $173.00 and gave the company a "neutral" rating in a research note on Monday, September 23rd. Finally, JMP Securities boosted their target price on Lennar from $170.00 to $210.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 25th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC increased its position in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company's stock worth $25,000 after buying an additional 121 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Lennar in the first quarter worth about $30,000. New Covenant Trust Company N.A. purchased a new stake in Lennar in the first quarter worth about $32,000. Redmont Wealth Advisors LLC purchased a new stake in Lennar in the first quarter worth about $35,000. Finally, Fortitude Family Office LLC increased its position in Lennar by 223.6% in the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company's stock worth $35,000 after buying an additional 161 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Price Performance

NYSE:LEN traded down $4.65 during mid-day trading on Friday, reaching $182.25. The stock had a trading volume of 2,422,127 shares, compared to its average volume of 2,077,726. The firm has a 50 day moving average price of $179.54 and a two-hundred day moving average price of $165.47. The stock has a market capitalization of $50.05 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.71 and a beta of 1.61. Lennar has a one year low of $102.90 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.91 EPS. As a group, analysts expect that Lennar will post 14.13 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, October 9th. Lennar's dividend payout ratio is 13.60%.

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.