Lennar (NYSE:LEN) Given New $125.00 Price Target at Royal Bank of Canada

Lennar (NYSE:LEN) had its target price trimmed by Royal Bank of Canada from $130.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a sector perform rating on the construction company’s stock.

LEN has been the topic of a number of other reports. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. Barclays decreased their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Bank of America cut their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.19.

Lennar Stock Performance

LEN opened at $127.11 on Thursday. Lennar has a twelve month low of $125.21 and a twelve month high of $193.80. The stock has a market cap of $33.75 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67. The business’s 50 day moving average is $143.33 and its 200-day moving average is $165.36. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the company posted $4.82 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts predict that Lennar will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LEN. Oakworth Capital Inc. acquired a new stake in Lennar during the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC lifted its position in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Lennar during the third quarter worth approximately $30,000. Asset Dedication LLC increased its stake in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after buying an additional 169 shares during the period. Finally, Crews Bank & Trust purchased a new stake in Lennar in the 4th quarter worth approximately $25,000. Hedge funds and other 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.