Freedom Day Solutions LLC Purchases 541 Shares of Lennar Corporation $LEN

Freedom Day Solutions LLC boosted its position in shares of Lennar Corporation (NYSE:LEN) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,185 shares of the construction company’s stock after acquiring an additional 541 shares during the period. Freedom Day Solutions LLC’s holdings in Lennar were worth $2,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LEN. Brighton Jones LLC raised its stake in Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after acquiring an additional 377 shares during the period. NBC Securities Inc. bought a new stake in Lennar during the 1st quarter worth approximately $33,000. CX Institutional raised its stake in Lennar by 20.0% during the 1st quarter. CX Institutional now owns 12,914 shares of the construction company’s stock worth $1,482,000 after acquiring an additional 2,156 shares during the period. USA Financial Formulas grew its holdings in Lennar by 49.4% during the 1st quarter. USA Financial Formulas now owns 644 shares of the construction company’s stock valued at $74,000 after buying an additional 213 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in Lennar during the 1st quarter valued at approximately $424,000. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. JMP Securities increased their price objective on shares of Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Bank of America increased their price objective on shares of Lennar from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a report on Wednesday. Finally, Barclays cut their target price on shares of Lennar from $110.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.42.

Lennar Stock Down 2.1%

Shares of LEN opened at $117.58 on Friday. The company has a market cap of $30.45 billion, a PE ratio of 11.62, a P/E/G ratio of 5.38 and a beta of 1.37. The business has a fifty day moving average of $129.30 and a 200 day moving average of $116.47. Lennar Corporation has a 52-week low of $98.42 and a 52-week high of $189.65. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.Lennar’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the company earned $3.90 earnings per share. On average, sell-side analysts expect that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be given a $0.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. Lennar’s dividend payout ratio (DPR) is currently 19.76%.

About Lennar

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.