Lennar (NYSE:LEN) Price Target Raised to $180.00 at Argus

Lennar (NYSE:LEN) had its target price lifted by Argus from $175.00 to $180.00 in a research note published on Thursday morning, Benzinga reports. Argus currently has a buy rating on the construction company’s stock.

A number of other research firms also recently weighed in on LEN. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lennar from $110.00 to $122.00 and gave the company a sell rating in a research report on Thursday, March 14th. Royal Bank of Canada reiterated an underperform rating and issued a $145.00 price target on shares of Lennar in a research report on Thursday, June 20th. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $157.00 to $154.00 and set a neutral rating for the company in a research report on Thursday, June 20th. Wedbush reiterated an underperform rating and issued a $144.00 price target on shares of Lennar in a research report on Tuesday, June 18th. Finally, Wells Fargo & Company lifted their price target on shares of Lennar from $165.00 to $175.00 and gave the company an overweight rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $167.31.

Lennar Trading Up 0.5 %

Shares of LEN stock opened at $149.87 on Thursday. The firm has a 50 day moving average price of $156.22 and a two-hundred day moving average price of $155.46. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $41.71 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. Lennar has a 12-month low of $102.90 and a 12-month high of $172.59.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Lennar’s payout ratio is presently 13.60%.

Insiders Place Their Bets

In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the sale, the insider now owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the sale, the insider now owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark Sustana sold 9,176 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the sale, the vice president now directly owns 16,768 shares in the company, valued at approximately $2,764,707.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,176 shares of company stock valued at $4,841,039. 9.36% of the stock is currently owned by insiders.

Institutional Trading of Lennar

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC grew its stake in shares of Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Lennar in the third quarter worth $28,000. J.Safra Asset Management Corp bought a new stake in shares of Lennar in the first quarter worth $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Lennar in the first quarter worth $32,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Lennar in the first quarter valued at $35,000. Institutional investors own 81.10% of the company’s stock.

About Lennar

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.