Lennar (NYSE:LEN) Given Neutral Rating at Wedbush

Wedbush reaffirmed their neutral rating on shares of Lennar (NYSE:LEN) in a research note published on Monday, Marketbeat reports. The firm currently has a $158.00 price objective on the construction company’s stock.

Other equities analysts have also recently issued reports about the stock. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Keefe, Bruyette & Woods cut shares of Lennar from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $152.00 to $141.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Citigroup decreased their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Fourteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lennar presently has an average rating of “Hold” and a consensus target price of $165.53.

Lennar Price Performance

LEN stock opened at $119.00 on Monday. The company has a 50 day simple moving average of $127.21 and a 200 day simple moving average of $154.87. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar has a 1 year low of $115.61 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 released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the company earned $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. Research analysts anticipate that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Crews Bank & Trust bought a new position in shares of Lennar in the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. lifted its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Lennar in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar in the fourth quarter valued at about $28,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lennar in the third quarter valued at about $39,000. 81.10% of the stock is owned by institutional investors.

About Lennar

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.