Lennar Corporation (NYSE:LEN) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Lennar Corporation has received an average recommendation of "Hold" from nineteen analysts, with two analysts recommending a sell, thirteen a hold, three a buy, and one a strong buy.
• The company recently announced a quarterly dividend of $0.50 per share, reflecting an annualized yield of 1.7%, with the ex-dividend date set for October 10th.
• Lennar's latest earnings report showed $2.29 EPS for the quarter, surpassing analyst expectations but revealing a 6.4% drop in revenue year-over-year.

Lennar Corporation (NYSE:LEN - Get Free Report) has been given an average rating of "Hold" by the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $121.75.

A number of equities analysts recently commented on the stock. JMP Securities lifted their price target on shares of Lennar from $130.00 to $140.00 and gave the stock a "market outperform" rating in a research note on Monday, September 22nd. Evercore ISI dropped their price target on shares of Lennar from $118.00 to $114.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. Raymond James Financial cut shares of Lennar from a "market perform" rating to an "underperform" rating in a research note on Monday, September 22nd. Bank of America dropped their price target on shares of Lennar from $133.00 to $125.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a research note on Friday, June 20th.

Institutional Investors Weigh In On Lennar

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Secured Retirement Advisors LLC bought a new stake in Lennar during the 1st quarter valued at about $926,000. Marks Group Wealth Management Inc lifted its holdings in Lennar by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company's stock valued at $251,000 after buying an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Lennar by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company's stock valued at $23,962,000 after buying an additional 4,332 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Lennar by 24.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company's stock valued at $4,825,000 after buying an additional 8,357 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of Lennar by 77.7% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company's stock valued at $419,000 after purchasing an additional 1,596 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Stock Performance

Shares of NYSE:LEN opened at $117.94 on Tuesday. Lennar has a 52 week low of $98.42 and a 52 week high of $189.65. The stock has a market capitalization of $30.08 billion, a P/E ratio of 11.65, a PEG ratio of 5.32 and a beta of 1.37. The firm has a fifty day simple moving average of $129.34 and a two-hundred day simple moving average of $116.49. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $9.01 billion. During the same period last year, the company posted $3.90 EPS. The business's revenue was down 6.4% on a year-over-year basis. On average, analysts expect that Lennar will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Lennar's dividend payout ratio (DPR) is presently 19.76%.

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.

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