Brokerages Set Lennar Co. (NYSE:LEN) Price Target at $150.07

Lennar Co. (NYSE:LEN) has been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $150.07.

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company decreased their target price 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. Bank of America decreased their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. UBS Group decreased their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, StockNews.com raised Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th.

Institutional Investors Weigh In On Lennar

Several hedge funds have recently modified their holdings of LEN. SCS Capital Management LLC acquired a new position in shares of Lennar in the 1st quarter valued at about $420,000. MBB Public Markets I LLC bought a new stake in shares of Lennar during the 1st quarter worth about $298,000. Ascent Group LLC boosted its stake in shares of Lennar by 13.4% during the 1st quarter. Ascent Group LLC now owns 1,862 shares of the construction company’s stock worth $214,000 after acquiring an additional 220 shares in the last quarter. United Services Automobile Association bought a new stake in Lennar during the first quarter valued at about $667,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Lennar by 3.4% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,708 shares of the construction company’s stock valued at $426,000 after acquiring an additional 121 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Trading Down 0.7%

Shares of Lennar stock opened at $111.06 on Friday. The stock has a market cap of $29.30 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.24 and a beta of 1.41. The stock’s 50 day simple moving average is $110.54 and its 200-day simple moving average is $131.65. Lennar has a 1-year low of $98.42 and a 1-year high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. During the same period in the previous year, the firm posted $2.57 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

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.