Lennar Co. (NYSE:LEN) Receives $172.06 Average Target Price from Analysts

Shares of Lennar Co. (NYSE:LEN) have been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $172.69.

LEN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Wells Fargo & Company raised their target price on shares of Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Wedbush reissued a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research note on Wednesday, September 11th. Argus raised their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Evercore ISI raised their target price on shares of Lennar from $237.00 to $240.00 and gave the company an “outperform” rating in a research note on Monday, July 15th.

Lennar Stock Up 2.5 %

LEN stock opened at $185.91 on Monday. The company’s 50 day simple moving average is $172.66 and its 200-day simple moving average is $163.03. The firm has a market capitalization of $51.05 billion, a PE ratio of 12.64, a P/E/G ratio of 1.61 and a beta of 1.61. Lennar has a 12 month low of $102.90 and a 12 month high of $186.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91.

Lennar (NYSE:LEN) last announced its earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Equities analysts expect that Lennar will post 14.16 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio is currently 13.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LEN. Gilbert & Cook Inc. boosted its holdings in shares of Lennar by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company’s stock valued at $604,000 after buying an additional 211 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Lennar in the 4th quarter valued at about $69,000. Private Advisor Group LLC boosted its holdings in shares of Lennar by 1.2% in the 4th quarter. Private Advisor Group LLC now owns 8,366 shares of the construction company’s stock valued at $1,247,000 after buying an additional 97 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Lennar by 89.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,652 shares of the construction company’s stock valued at $246,000 after buying an additional 781 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Lennar by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after purchasing an additional 70 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

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.