Lennar (NYSE:LEN) Price Target Lowered to $164.00 at UBS Group

Lennar (NYSE:LEN) had its price objective lowered by UBS Group from $183.00 to $164.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Evercore ISI restated an “in-line” rating and set a $131.00 price target (down previously from $159.00) on shares of Lennar in a research report on Monday. Barclays lowered their price objective on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods cut shares of Lennar from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $152.00 to $141.00 in a report on Tuesday, March 11th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.07.

Lennar Price Performance

LEN opened at $117.90 on Monday. The firm’s fifty day moving average price is $125.06 and its two-hundred day moving average price is $152.03. The company has a market capitalization of $31.31 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 1.24 and a beta of 1.69. 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 has a 1 year low of $111.26 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter last year, the business posted $2.57 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Lennar will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Institutional Trading of Lennar

A number of hedge funds and other institutional investors have recently bought and sold shares of LEN. Great Valley Advisor Group Inc. purchased a new position in shares of Lennar during the 3rd quarter valued at $235,000. Kingsview Wealth Management LLC boosted its stake in Lennar by 275.4% during the third quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock valued at $959,000 after buying an additional 3,751 shares during the period. Swedbank AB grew its position in Lennar by 5.4% during the third quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock worth $30,880,000 after buying an additional 8,405 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after acquiring an additional 71 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Lennar by 36.7% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,990 shares of the construction company’s stock valued at $561,000 after acquiring an additional 803 shares during the last quarter. 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.