Lennar Co. (NYSE:LEN) Receives $91.17 Consensus Price Target from Analysts

Lennar Co. (NYSE:LENGet Rating) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $93.58.

A number of analysts have recently commented on LEN shares. JPMorgan Chase & Co. cut Lennar from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $83.00 to $80.00 in a research report on Tuesday, July 12th. UBS Group lowered their price objective on Lennar from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. Barclays decreased their price objective on Lennar from $93.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 22nd. Wells Fargo & Company dropped their price objective on Lennar from $85.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, June 17th. Finally, KeyCorp upgraded Lennar from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $89.00 in a report on Monday.

Insider Activity at Lennar

In other news, VP David M. Collins sold 15,000 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $82.00, for a total value of $1,230,000.00. Following the transaction, the vice president now owns 41,382 shares of the company’s stock, valued at $3,393,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennar

Institutional investors have recently added to or reduced their stakes in the stock. City State Bank acquired a new position in Lennar in the 4th quarter valued at about $27,000. Riverview Trust Co purchased a new stake in Lennar in the first quarter valued at approximately $28,000. Adirondack Trust Co. purchased a new stake in Lennar in the second quarter valued at approximately $28,000. ACG Wealth purchased a new stake in shares of Lennar during the second quarter worth approximately $28,000. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Lennar during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Lennar Price Performance

LEN opened at $78.47 on Thursday. Lennar has a 12-month low of $62.54 and a 12-month high of $117.54. The company has a current ratio of 8.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $81.37 and its 200-day simple moving average is $79.26. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 4.34 and a beta of 1.52.

Lennar (NYSE:LENGet Rating) last issued its quarterly earnings results on Tuesday, June 21st. The construction company reported $4.69 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.74. Lennar had a return on equity of 21.45% and a net margin of 14.77%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter last year, the company earned $2.95 earnings per share. On average, equities research analysts anticipate that Lennar will post 17.12 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 7th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, July 6th. Lennar’s dividend payout ratio (DPR) is presently 10.27%.

Lennar Company Profile

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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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Analyst Recommendations for Lennar (NYSE:LEN)

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