15,572 Shares in Lennar Corporation $LEN Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in Lennar Corporation (NYSE:LEN) during the fourth quarter, Holdings Channel.com reports. The fund bought 15,572 shares of the construction company’s stock, valued at approximately $1,601,000.

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

Analysts Set New Price Targets

LEN has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Truist Financial cut their price target on shares of Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group cut their price target on shares of Lennar from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Zacks Research upgraded shares of Lennar from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Seaport Research Partners restated a “sell” rating and set a $74.00 price target (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $99.87.

Lennar Stock Up 1.8%

Lennar stock opened at $88.87 on Friday. The firm has a market cap of $21.95 billion, a PE ratio of 12.77, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The firm’s 50 day moving average price is $89.82 and its two-hundred day moving average price is $106.59. Lennar Corporation has a twelve month low of $81.18 and a twelve month high of $144.24.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.07). The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 EPS. On average, research analysts predict that Lennar Corporation will post 5.87 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, April 22nd. Lennar’s dividend payout ratio is currently 28.74%.

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.