Clarius Group LLC Has $233,000 Stake in Lennar Corporation $LEN

Clarius Group LLC lowered its holdings in shares of Lennar Corporation (NYSE:LEN) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105 shares of the construction company’s stock after selling 115 shares during the period. Clarius Group LLC’s holdings in Lennar were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Lennar during the 1st quarter valued at about $30,000. NBC Securities Inc. acquired a new stake in shares of Lennar during the 1st quarter valued at about $33,000. Disciplina Capital Management LLC boosted its position in shares of Lennar by 179.8% during the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 214 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Lennar by 139.9% during the 1st quarter. Oakworth Capital Inc. now owns 343 shares of the construction company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Lennar during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $122.14 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. The firm has a market cap of $31.63 billion, a P/E ratio of 12.07, a P/E/G ratio of 5.66 and a beta of 1.37. The business’s fifty day moving average is $129.04 and its two-hundred day moving average is $116.45. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $189.65.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. The company 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%.The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.90 earnings per share. Equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James Financial cut Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. lowered their price target on Lennar from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, September 22nd. Royal Bank Of Canada upped their price target on Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a research report on Monday, September 22nd. JMP Securities upped their price target on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research report on Monday, September 22nd. Finally, Evercore ISI lowered their price target on Lennar from $118.00 to $114.00 and set an “in-line” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lennar has an average rating of “Hold” and an average price target of $123.42.

Lennar Company 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.