2,414 Shares in Lennar Corporation $LEN Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new stake in Lennar Corporation (NYSE:LEN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,414 shares of the construction company’s stock, valued at approximately $283,000.

Other institutional investors have also added to or reduced their stakes in the company. Disciplina Capital Management LLC boosted its stake in Lennar by 179.8% in the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares during the period. Oakworth Capital Inc. boosted its stake in Lennar by 139.9% in the 1st quarter. Oakworth Capital Inc. now owns 343 shares of the construction company’s stock valued at $39,000 after purchasing an additional 200 shares during the period. Wayfinding Financial LLC bought a new stake in Lennar in the 1st quarter valued at $44,000. Valley National Advisers Inc. boosted its stake in Lennar by 34.7% in the 1st quarter. Valley National Advisers Inc. now owns 466 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Finally, Horizon Financial Services LLC acquired a new position in Lennar in the 1st quarter valued at $66,000. 81.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. Raymond James Financial cut Lennar from a “market perform” rating to an “underperform” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. dropped their price objective on Lennar from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, September 22nd. Evercore ISI dropped their price objective on Lennar from $118.00 to $114.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 price target on shares of Lennar in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus price target of $121.75.

Lennar Trading Up 0.3%

Shares of LEN stock opened at $127.69 on Friday. The firm has a market capitalization of $32.56 billion, a P/E ratio of 12.62, a P/E/G ratio of 5.93 and a beta of 1.37. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $180.12. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $129.55 and its 200 day simple moving average is $117.33.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.Lennar’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.90 EPS. As a group, sell-side analysts predict that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Lennar’s payout ratio is currently 19.76%.

Lennar Profile

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.