Lennar (NYSE:LEN) Price Target Lowered to $152.00 at Keefe, Bruyette & Woods

Lennar (NYSE:LEN) had its target price decreased by Keefe, Bruyette & Woods from $170.00 to $152.00 in a report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the construction company’s stock.

LEN has been the topic of a number of other reports. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Barclays lowered their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America cut their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada dropped their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup reduced their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $166.06.

Lennar Stock Up 1.8 %

NYSE:LEN opened at $124.92 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar has a 12-month low of $121.40 and a 12-month high of $193.80. The stock’s fifty day simple moving average is $140.32 and its 200-day simple moving average is $164.32. The firm has a market capitalization of $33.17 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.82 earnings per share. Equities research analysts expect that Lennar will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after buying an additional 149,812 shares during the last quarter. Smead Capital Management Inc. boosted its stake in shares of Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after acquiring an additional 89,896 shares during the period. Verition Fund Management LLC raised its stake in Lennar by 147.6% in the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after acquiring an additional 41,264 shares during the period. Polianta Ltd acquired a new stake in Lennar during the 4th quarter valued at $900,000. Finally, OneDigital Investment Advisors LLC boosted its position in Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 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.