Brave Warrior Advisors LLC Sells 32,481 Shares of Lennar Corporation $LEN

Brave Warrior Advisors LLC reduced its position in shares of Lennar Corporation (NYSE:LEN) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,157,127 shares of the construction company’s stock after selling 32,481 shares during the period. Lennar comprises about 5.5% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Brave Warrior Advisors LLC owned 0.83% of Lennar worth $238,600,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Lennar by 77.7% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company’s stock worth $419,000 after purchasing an additional 1,596 shares during the last quarter. denkapparat Operations GmbH acquired a new position in Lennar during the 2nd quarter worth about $408,000. Steward Partners Investment Advisory LLC grew its holdings in Lennar by 199.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 31,187 shares of the construction company’s stock worth $3,580,000 after acquiring an additional 20,787 shares during the last quarter. Allstate Corp raised its stake in shares of Lennar by 62.4% in the first quarter. Allstate Corp now owns 11,711 shares of the construction company’s stock worth $1,344,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Circle Wealth Management LLC acquired a new position in shares of Lennar during the first quarter worth approximately $462,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the topic of several research reports. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Lennar in a report on Monday, September 22nd. The Goldman Sachs Group boosted their target price on Lennar from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada raised their price target on Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a report on Monday, September 22nd. Citigroup reissued an “outperform” rating on shares of Lennar in a report on Monday, September 22nd. Finally, UBS Group raised their target price on shares of Lennar from $146.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus target price of $121.77.

Lennar Price Performance

Lennar stock opened at $119.31 on Friday. The firm has a market capitalization of $30.43 billion, a P/E ratio of 11.79, a PEG ratio of 4.99 and a beta of 1.38. The business has a 50-day moving average of $123.50 and a 200-day moving average of $121.28. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $156.76.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, September 18th. The construction company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.14). The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.90 EPS. On average, equities analysts anticipate that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, October 10th. Lennar’s dividend payout ratio (DPR) is presently 19.76%.

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.