Lennar Co. (NYSE:LEN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lennar Co. (NYSE:LEN) have received a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $181.11.

A number of brokerages have commented on LEN. Wedbush reaffirmed a “neutral” rating and issued a $144.00 price objective on shares of Lennar in a report on Friday, September 20th. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Citigroup upped their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Barclays lifted their price target on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th.

Lennar Price Performance

Shares of Lennar stock opened at $178.20 on Friday. Lennar has a 1-year low of $102.90 and a 1-year high of $193.80. The firm’s 50-day moving average price is $179.82 and its two-hundred day moving average price is $166.02. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $48.93 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.68 and a beta of 1.61.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.91 earnings per share. On average, equities analysts predict that Lennar will post 14.28 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.12%. Lennar’s dividend payout ratio is 13.25%.

Hedge Funds Weigh In On Lennar

A number of hedge funds have recently bought and sold shares of LEN. Rise Advisors LLC lifted its holdings in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after buying an additional 121 shares during the period. J.Safra Asset Management Corp bought a new position in Lennar in the first quarter valued at about $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Lennar during the 1st quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Lennar during the 1st quarter valued at about $35,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Lennar by 223.6% in the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.