MGO One Seven LLC Has $262,000 Stake in Lennar Corporation $LEN

MGO One Seven LLC increased its stake in shares of Lennar Corporation (NYSE:LEN) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,364 shares of the construction company’s stock after acquiring an additional 288 shares during the period. MGO One Seven LLC’s holdings in Lennar were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LEN. Disciplina Capital Management LLC raised its holdings in shares of Lennar by 179.8% during the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 214 shares during the period. Oakworth Capital Inc. raised its holdings in shares of Lennar by 139.9% during the first quarter. Oakworth Capital Inc. now owns 343 shares of the construction company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Lennar during the first quarter worth $44,000. Valley National Advisers Inc. increased 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 buying an additional 120 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in Lennar in the 1st quarter valued at $66,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LEN. Royal Bank Of Canada lifted their price target on shares of Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. lowered their price target on shares of Lennar from $97.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, September 22nd. JMP Securities lifted their price target on shares of Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research note on Monday, September 22nd. The Goldman Sachs Group lifted their price target on shares of Lennar from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Bank of America lowered their price objective on shares of Lennar from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus target price of $121.75.

Lennar Stock Up 2.4%

Lennar stock opened at $125.78 on Monday. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $189.65. The firm has a market capitalization of $32.08 billion, a PE ratio of 12.43, a P/E/G ratio of 5.85 and a beta of 1.37. The company’s 50-day moving average is $129.60 and its 200-day moving average is $116.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68.

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

Lennar Dividend Announcement

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 paid 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 1.6%. Lennar’s dividend payout ratio is 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.