Lennar Co. (NYSE:LEN) has received an average recommendation of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $64.58.
A number of equities research analysts recently commented on the company. ValuEngine downgraded Lennar from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. Cfra upped their price objective on Lennar from $40.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Zacks Investment Research downgraded Lennar from a “hold” rating to a “sell” rating and set a $43.00 price objective on the stock. in a research report on Thursday, March 26th. TheStreet upgraded Lennar from a “c+” rating to a “b” rating in a research report on Tuesday, May 26th. Finally, Raymond James upped their price objective on Lennar from $41.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th.
Shares of NYSE LEN traded up $0.39 during mid-day trading on Tuesday, reaching $60.17. The company’s stock had a trading volume of 2,887,477 shares, compared to its average volume of 4,139,561. The firm has a market capitalization of $18.79 billion, a PE ratio of 9.06, a P/E/G ratio of 3.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 14.27 and a quick ratio of 1.24. The stock has a fifty day moving average of $59.71 and a two-hundred day moving average of $55.88. Lennar has a 52 week low of $25.42 and a 52 week high of $71.38.
Lennar (NYSE:LEN) last posted its earnings results on Monday, June 15th. The construction company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.36. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.20 billion. Lennar had a return on equity of 13.08% and a net margin of 9.30%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Analysts anticipate that Lennar will post 6.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, July 9th. This represents a $0.50 annualized dividend and a dividend yield of 0.83%. Lennar’s dividend payout ratio is presently 8.71%.
In related news, President Jonathan M. Jaffe sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $61.41, for a total value of $2,456,400.00. Following the completion of the transaction, the president now owns 335,521 shares in the company, valued at approximately $20,604,344.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEN. AXA raised its position in shares of Lennar by 119.6% during the 1st quarter. AXA now owns 11,158 shares of the construction company’s stock valued at $426,000 after buying an additional 6,076 shares during the period. Pathstone Family Office LLC purchased a new stake in Lennar in the first quarter valued at approximately $38,000. Telemus Capital LLC purchased a new stake in Lennar in the first quarter valued at approximately $560,000. Skandinaviska Enskilda Banken AB publ raised its position in Lennar by 3.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 59,770 shares of the construction company’s stock valued at $2,283,000 after purchasing an additional 2,051 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Lennar by 22.1% in the first quarter. The Manufacturers Life Insurance Company now owns 12,618,097 shares of the construction company’s stock valued at $482,012,000 after purchasing an additional 2,285,388 shares during the period. Institutional investors and hedge funds own 82.28% of the company’s stock.
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, Lennar Financial Services, Lennar Multifamily, and Rialto 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.
Featured Article: Beta
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.