Several analysts have recently updated their ratings and price targets for Lennar (NYSE: LEN):

  • 10/8/2018 – Lennar had its “outperform” rating reaffirmed by analysts at JMP Securities.
  • 10/5/2018 – Lennar was given a new $56.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 10/4/2018 – Lennar had its price target lowered by analysts at Bank of America Corp from $93.00 to $80.00. They now have a “buy” rating on the stock.
  • 10/4/2018 – Lennar was given a new $55.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 10/4/2018 – Lennar was given a new $61.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 10/4/2018 – Lennar had its price target lowered by analysts at Citigroup Inc from $65.00 to $62.00. They now have a “buy” rating on the stock.
  • 10/4/2018 – Lennar was given a new $63.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/2/2018 – Lennar was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/2/2018 – Lennar was given a new $65.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 10/1/2018 – Lennar had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 9/14/2018 – Lennar was given a new $63.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/28/2018 – Lennar was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. However, rising construction material prices have been putting up hurdles for homebuilders. Builders are increasingly concerned that tariffs placed on Canadian lumber and other imported products are already hurting housing affordability. On top of it, the U.S. Government’s recent move of imposing tariff on imported steel and aluminum has added to the woes. Again, labor shortage along with rising land and labor costs pose a threat to the company’s margins. Lennar’s shares underperformed its industry in the past six months. Earnings estimates for 2018 moved downward over the past 30 days, reflecting analysts’ concern for the stock’s earnings growth prospect.”

Shares of LEN stock opened at $43.72 on Thursday. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.81 and a quick ratio of 0.76. Lennar Co. has a 12 month low of $43.66 and a 12 month high of $72.17.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, October 3rd. The construction company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.11. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.62 billion. Lennar had a net margin of 6.49% and a return on equity of 12.82%. Lennar’s quarterly revenue was up 73.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS. Analysts forecast that Lennar Co. will post 6.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. Lennar’s dividend payout ratio (DPR) is presently 4.20%.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $46.98, for a total transaction of $939,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Quattro Financial Advisors LLC bought a new stake in shares of Lennar in the 3rd quarter worth $1,286,000. Advisors Capital Management LLC bought a new stake in shares of Lennar in the 3rd quarter worth $2,621,000. Clinton Group Inc. grew its stake in shares of Lennar by 75.1% in the 3rd quarter. Clinton Group Inc. now owns 17,581 shares of the construction company’s stock worth $821,000 after acquiring an additional 7,538 shares in the last quarter. Factory Mutual Insurance Co. grew its stake in shares of Lennar by 2.1% in the 3rd quarter. Factory Mutual Insurance Co. now owns 881,300 shares of the construction company’s stock worth $41,149,000 after acquiring an additional 18,200 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC grew its stake in shares of Lennar by 15.5% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 46,372 shares of the construction company’s stock worth $2,165,000 after acquiring an additional 6,215 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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.

Further Reading: Beta

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