Brokerages Set Lennar Co. (NYSE:LEN) PT at $166.88

Shares of Lennar Co. (NYSE:LEN) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight 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 $167.88.

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday. Wedbush upgraded shares of Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price objective on the stock in a report on Tuesday, July 9th. The Goldman Sachs Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Evercore ISI raised their price objective on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $183.00 price objective on shares of Lennar in a report on Tuesday, June 18th.

Lennar Trading Up 3.2 %

LEN opened at $176.71 on Friday. The firm’s fifty day moving average is $156.05 and its two-hundred day moving average is $156.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The firm has a market cap of $48.52 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. Lennar has a twelve month low of $102.90 and a twelve month high of $178.75.

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

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Insider Activity

In other news, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the transaction, the executive vice president now owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Mark Sustana sold 9,176 shares of Lennar stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the sale, the vice president now owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the sale, the executive vice president now directly owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. Insiders sold a total of 29,176 shares of company stock valued at $4,841,039 in the last quarter. Company insiders own 9.36% of the company’s stock.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. boosted its holdings in shares of Lennar by 7.2% during the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock worth $153,000 after buying an additional 69 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Lennar by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock worth $663,000 after buying an additional 70 shares during the period. Lakewood Asset Management LLC boosted its holdings in Lennar by 0.8% in the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock valued at $1,407,000 after purchasing an additional 70 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in Lennar by 1.5% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after purchasing an additional 73 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in Lennar by 5.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock valued at $207,000 after purchasing an additional 74 shares during the period. 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.