Several other analysts also recently commented on the stock. MKM Partners reaffirmed a neutral rating and issued a $52.00 price objective on shares of Lennar Corp. in a report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a hold rating on shares of Lennar Corp. in a report on Tuesday, June 28th. Raymond James Financial Inc. raised shares of Lennar Corp. from a market perform rating to an outperform rating in a report on Monday, June 27th. FBR & Co reaffirmed an outperform rating and issued a $60.00 price objective on shares of Lennar Corp. in a report on Wednesday, June 22nd. Finally, Zacks Investment Research raised shares of Lennar Corp. from a hold rating to a buy rating and set a $54.00 price objective on the stock in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Lennar Corp. presently has an average rating of Buy and an average target price of $54.08.
Shares of Lennar Corp. (NYSE:LEN) opened at 43.60 on Monday. The firm has a 50-day moving average of $46.22 and a 200-day moving average of $46.44. The company has a market capitalization of $9.56 billion, a P/E ratio of 11.64 and a beta of 1.37. Lennar Corp. has a one year low of $37.14 and a one year high of $52.50.
Lennar Corp. (NYSE:LEN) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.12. Lennar Corp. had a net margin of 8.37% and a return on equity of 14.34%. The business had revenue of $2.83 billion for the quarter. During the same quarter in the previous year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that Lennar Corp. will post $3.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Wednesday, October 5th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Monday, October 3rd. Lennar Corp.’s payout ratio is currently 4.21%.
A number of large investors have recently added to or reduced their stakes in LEN. Macquarie Group Ltd. boosted its stake in Lennar Corp. by 6.5% in the second quarter. Macquarie Group Ltd. now owns 118,138 shares of the company’s stock valued at $5,446,000 after buying an additional 7,205 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Lennar Corp. during the second quarter valued at about $341,000. Kentucky Retirement Systems purchased a new stake in Lennar Corp. during the second quarter valued at about $719,000. Northwestern Mutual Investment Management Company LLC boosted its stake in Lennar Corp. by 1.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,996 shares of the company’s stock valued at $323,000 after buying an additional 120 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Lennar Corp. during the second quarter valued at about $1,139,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
Lennar Corp. Company Profile
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.
Receive News & Ratings for Lennar Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corp. and related companies with MarketBeat.com's FREE daily email newsletter.