Lennar (NYSE:LEN) Releases Quarterly Earnings Results

Lennar (NYSE:LEN) released its quarterly earnings data on Monday. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.08), Zacks reports. Lennar had a return on equity of 13.93% and a net margin of 11.10%.

Lennar Stock Up 0.7%

Shares of NYSE LEN traded up $0.74 during mid-day trading on Monday, reaching $109.35. 4,821,387 shares of the company traded hands, compared to its average volume of 2,655,272. The company’s fifty day moving average is $107.85 and its two-hundred day moving average is $123.28. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. 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 stock has a market cap of $28.84 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.83%. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lennar stock. Brighton Jones LLC increased its position in shares of Lennar Co. (NYSE:LEN) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,727 shares of the construction company’s stock after buying an additional 377 shares during the quarter. Brighton Jones LLC’s holdings in Lennar were worth $236,000 at the end of the most recent quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LEN. UBS Group decreased their price target on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Evercore ISI reissued an “in-line” rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wall Street Zen raised shares of Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Royal Bank of Canada decreased their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research report on Monday, March 24th. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lennar presently has a consensus rating of “Hold” and a consensus target price of $150.07.

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.