By otakuyassine3@gmail.com 
Lennar (NYSE:LEN – Free Report) had its price objective trimmed by UBS Group from $225.00 to $205.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.
LEN has been the subject of a number of other reports. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Wells Fargo & Company cut their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Citigroup raised their price target on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $175.94.
View Our Latest Analysis on Lennar
Lennar Stock Down 0.2 %
LEN opened at $138.08 on Friday. The stock’s fifty day moving average is $168.98 and its 200-day moving average is $169.43. Lennar has a one year low of $135.21 and a one year high of $193.80. The company has a market capitalization of $37.45 billion, a PE ratio of 9.14, a P/E/G ratio of 1.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90.
Lennar (NYSE:LEN – Get Free Report) last issued its earnings results 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). The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.82 earnings per share. On average, equities analysts predict that Lennar will post 14.11 EPS for the current fiscal year.
Lennar Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. Lennar’s dividend payout ratio is currently 13.95%.
Insider Transactions at Lennar
In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.36% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Oddo BHF Asset Management Sas bought a new position in Lennar during the 3rd quarter worth $2,543,000. Synovus Financial Corp lifted its position in Lennar by 1.3% during the third quarter. Synovus Financial Corp now owns 47,348 shares of the construction company’s stock worth $8,877,000 after purchasing an additional 627 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Lennar during the third quarter worth about $241,000. World Investment Advisors LLC acquired a new position in shares of Lennar in the 3rd quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Lennar by 9.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 43,049 shares of the construction company’s stock worth $8,071,000 after acquiring an additional 3,712 shares in the last quarter. 81.10% of the stock is owned by institutional investors.
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.
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