Lennar Co. (NYSE:LEN) Receives $163.88 Average PT from Analysts

Lennar Co. (NYSE:LEN) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $163.88.

LEN has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Citigroup boosted their target price on shares of Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed an “underperform” rating and issued a $144.00 price objective on shares of Lennar in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a research note on Thursday, March 14th. Finally, Barclays increased their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, March 15th.

Insider Activity

In other Lennar news, Director Amy Banse acquired 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were acquired at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares in the company, valued at $1,861,863. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 9.36% of the company’s stock.

Hedge Funds Weigh In On Lennar

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC increased its position in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Lennar during the first quarter valued at about $35,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Lennar during the third quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Lennar in the fourth quarter worth about $36,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Lennar during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 1.5 %

Shares of LEN stock opened at $160.90 on Tuesday. Lennar has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a 50 day moving average of $160.23 and a 200-day moving average of $146.87. The firm has a market cap of $44.78 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the firm posted $2.12 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts predict that Lennar will post 14.46 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is currently 14.02%.

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.