Lennar Co. (NYSE:LEN) Given Consensus Rating of “Moderate Buy” by Analysts

Lennar Co. (NYSE:LEN) has been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $133.82.

Several research firms have recently issued reports on LEN. JMP Securities increased their price objective on shares of Lennar from $135.00 to $150.00 and gave the company a “market outperform” rating in a report on Tuesday, September 19th. The Goldman Sachs Group increased their price objective on shares of Lennar from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada increased their target price on shares of Lennar from $113.00 to $114.00 and gave the company an “underperform” rating in a research note on Monday, September 18th. Finally, Evercore ISI increased their target price on shares of Lennar from $161.00 to $164.00 in a research note on Monday, September 18th.

Insiders Place Their Bets

In other Lennar news, VP David M. Collins sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the sale, the vice president now owns 37,060 shares in the company, valued at approximately $4,817,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lennar news, EVP Jeffrey Joseph Mccall sold 1,157 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $105.01, for a total value of $121,496.57. Following the completion of the sale, the executive vice president now owns 131,386 shares in the company, valued at approximately $13,796,843.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Collins sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the vice president now owns 37,060 shares of the company’s stock, valued at approximately $4,817,800. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $2,350,896 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC increased its stake in shares of Lennar by 163.6% during the 3rd quarter. Belpointe Asset Management LLC now owns 6,559 shares of the construction company’s stock worth $736,000 after purchasing an additional 4,071 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Lennar by 59.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,894 shares of the construction company’s stock worth $1,784,000 after purchasing an additional 5,954 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of Lennar by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 20,754 shares of the construction company’s stock worth $2,329,000 after purchasing an additional 1,436 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Lennar during the 3rd quarter worth $252,000. Finally, iA Global Asset Management Inc. increased its stake in shares of Lennar by 2.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 16,532 shares of the construction company’s stock worth $1,855,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 79.87% of the company’s stock.

Lennar Price Performance

NYSE LEN opened at $128.30 on Tuesday. Lennar has a 52 week low of $82.73 and a 52 week high of $133.24. The company has a current ratio of 6.66, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a 50-day moving average price of $113.68 and a two-hundred day moving average price of $117.47.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Friday, September 15th. The construction company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.39. The business had revenue of $8.73 billion during the quarter, compared to analysts’ expectations of $8.49 billion. Lennar had a net margin of 11.66% and a return on equity of 16.22%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $5.18 earnings per share. Analysts forecast that Lennar will post 13.59 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 12th were given a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $1.50 annualized dividend and a dividend yield of 1.17%. Lennar’s dividend payout ratio (DPR) is presently 11.12%.

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.