Lennar Co. (NYSE:LEN) Receives Average Recommendation of “Hold” from Analysts

Lennar Co. (NYSE:LEN) has been assigned an average rating of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $166.06.

A number of research firms have weighed in on LEN. Royal Bank of Canada decreased their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Barclays cut their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st.

Hedge Funds Weigh In On Lennar

A number of hedge funds have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. lifted its holdings in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust bought a new position in Lennar during the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in Lennar during the 3rd quarter worth $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the 4th quarter worth $28,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Down 2.7 %

Shares of LEN stock opened at $121.56 on Thursday. Lennar has a fifty-two week low of $119.25 and a fifty-two week high of $193.80. The stock’s fifty day moving average price is $139.34 and its two-hundred day moving average price is $163.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market cap of $32.28 billion, a PE ratio of 8.48, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the firm earned $4.82 EPS. The business’s revenue was down 9.3% on a year-over-year basis. Equities analysts predict that Lennar will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

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.