Polianta Ltd Acquires Shares of 16,100 Lennar Corporation $LEN

Polianta Ltd bought a new position in Lennar Corporation (NYSE:LEN) during the 1st quarter, Holdings Channel.com reports. The firm bought 16,100 shares of the construction company’s stock, valued at approximately $1,398,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. Brighton Jones LLC boosted its position in Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after buying an additional 377 shares during the period. Intech Investment Management LLC increased its position in shares of Lennar by 29.8% in the first quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock valued at $1,589,000 after acquiring an additional 3,177 shares during the period. Jump Financial LLC raised its stake in shares of Lennar by 15.0% during the second quarter. Jump Financial LLC now owns 25,622 shares of the construction company’s stock valued at $2,834,000 after acquiring an additional 3,345 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Lennar during the second quarter worth about $47,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Lennar by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 34,958 shares of the construction company’s stock worth $3,867,000 after purchasing an additional 1,544 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LEN. Keefe, Bruyette & Woods reduced their price target on Lennar from $86.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday. Truist Financial dropped their price objective on Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Evercore lifted their price objective on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research report on Monday, June 15th. BTIG Research set a $67.00 target price on Lennar in a report on Monday, June 15th. Finally, Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $95.00.

Lennar Trading Up 0.0%

NYSE:LEN opened at $89.74 on Friday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 14.04, a PEG ratio of 3.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. Lennar Corporation has a one year low of $81.18 and a one year high of $144.24. The company’s 50-day simple moving average is $89.57 and its 200 day simple moving average is $101.95.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, analysts forecast that Lennar Corporation will post 5.47 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Lennar’s payout ratio is presently 31.30%.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.