Lennar Co. (NYSE:LEN) Receives Consensus Recommendation of "Hold" from Analysts

Lennar Co. (NYSE:LEN - Get Free Report) has been assigned an average recommendation of "Hold" from the nineteen analysts that are presently covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $150.07.

Several research firms recently weighed in on LEN. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company reduced their target price on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Evercore ISI reiterated an "in-line" rating and issued a $131.00 target price (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th.

Hedge Funds Weigh In On Lennar

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in Lennar by 10.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company's stock worth $1,006,000 after purchasing an additional 672 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Lennar by 29.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 82,572 shares of the construction company's stock worth $11,246,000 after buying an additional 18,800 shares in the last quarter. Candriam S.C.A. lifted its position in Lennar by 47.9% during the 4th quarter. Candriam S.C.A. now owns 17,649 shares of the construction company's stock worth $2,407,000 after buying an additional 5,718 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Lennar in the 4th quarter valued at about $1,331,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Lennar in the 4th quarter valued at about $4,015,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Down 3.2%

Lennar stock traded down $3.63 during mid-day trading on Wednesday, hitting $108.52. 3,318,818 shares of the company's stock were exchanged, compared to its average volume of 2,645,936. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market cap of $28.63 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.33. Lennar has a 1-year low of $98.42 and a 1-year high of $187.61. The stock has a 50 day moving average of $107.85 and a two-hundred day moving average of $123.98.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.57 earnings per share. As a group, analysts anticipate that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is 14.57%.

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.