Y Intercept Hong Kong Ltd Has $6.28 Million Stock Position in Lennar Corporation $LEN

Y Intercept Hong Kong Ltd boosted its stake in shares of Lennar Corporation (NYSE:LEN) by 754.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,304 shares of the construction company’s stock after acquiring an additional 63,839 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Lennar were worth $6,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Lennar during the third quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new position in Lennar in the 4th quarter worth approximately $31,000. DV Equities LLC acquired a new position in Lennar during the 4th quarter worth $31,000. Quarry LP acquired a new position in Lennar during the 4th quarter worth $41,000. Finally, IFC & Insurance Marketing Inc. bought a new position in Lennar in the 4th quarter valued at $45,000. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

Shares of Lennar stock opened at $88.15 on Friday. The firm has a fifty day moving average of $89.38 and a two-hundred day moving average of $99.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.93 and a beta of 1.38. Lennar Corporation has a 52 week low of $81.18 and a 52 week high of $144.24.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that Lennar Corporation will post 5.51 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Lennar’s dividend payout ratio (DPR) is 31.30%.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Lennar from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, June 15th. Bank of America decreased their price target on Lennar from $84.00 to $77.00 and set an “underperform” rating on the stock in a report on Friday, June 12th. Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Argus dropped their price objective on Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, UBS Group reduced their target price on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lennar currently has an average rating of “Reduce” and a consensus target price of $95.00.

Lennar Profile

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.