Lennar Corporation (NYSE:LEN) Given Average Recommendation of "Hold" by Analysts

Shares of Lennar Corporation (NYSE:LEN - Get Free Report) have earned a consensus recommendation of "Hold" from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $128.85.

A number of brokerages have commented on LEN. Barclays cut their price target on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company dropped their price objective on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. 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 report on Tuesday, March 25th. Royal Bank Of Canada lowered their price target on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 18th. Finally, Zelman & Associates cut Lennar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 18th.

Lennar Stock Performance

LEN stock traded down $4.96 during trading hours on Friday, reaching $110.35. The stock had a trading volume of 3,163,101 shares, compared to its average volume of 2,715,093. The stock has a market capitalization of $29.11 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 4.54 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. The stock has a 50-day simple moving average of $108.89 and a 200 day simple moving average of $118.12. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.45 EPS. Analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. Lennar's dividend payout ratio is 16.54%.

Institutional Investors Weigh In On Lennar

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEN. Kera Capital Partners Inc. bought a new stake in shares of Lennar during the 2nd quarter worth $292,000. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Lennar in the first quarter worth about $964,000. Inspire Investing LLC boosted its stake in shares of Lennar by 44.6% in the 1st quarter. Inspire Investing LLC now owns 2,732 shares of the construction company's stock valued at $314,000 after purchasing an additional 843 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Lennar by 1.1% during the 1st quarter. Ellsworth Advisors LLC now owns 16,638 shares of the construction company's stock valued at $1,910,000 after purchasing an additional 179 shares during the last quarter. Finally, Advisors Capital Management LLC increased its position in Lennar by 1.2% during the 1st quarter. Advisors Capital Management LLC now owns 47,783 shares of the construction company's stock worth $5,485,000 after purchasing an additional 555 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

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.