Mufg Securities Americas Inc. Increases Stock Holdings in Lennar Corporation $LEN

Mufg Securities Americas Inc. boosted its stake in Lennar Corporation (NYSE:LEN) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,146 shares of the construction company’s stock after acquiring an additional 1,013 shares during the period. Mufg Securities Americas Inc.’s holdings in Lennar were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in shares of Lennar during the 2nd quarter valued at about $33,000. Disciplina Capital Management LLC lifted its holdings in Lennar by 179.8% in the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 214 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in Lennar during the 2nd quarter valued at approximately $43,000. SBI Securities Co. Ltd. grew its holdings in shares of Lennar by 190.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 573 shares of the construction company’s stock worth $63,000 after acquiring an additional 376 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in shares of Lennar in the 1st quarter worth approximately $66,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Price Performance

LEN opened at $123.04 on Monday. The firm has a market cap of $31.38 billion, a PE ratio of 12.16, a P/E/G ratio of 5.78 and a beta of 1.33. The stock has a 50-day moving average price of $124.17 and a 200-day moving average price of $119.65. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $180.12. 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 data on Thursday, September 18th. The construction company reported $2.00 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.14). The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $3.90 earnings per share. Sell-side analysts predict that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 7th. Wall Street Zen cut shares of Lennar from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup reiterated an “outperform” rating on shares of Lennar in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their target price on shares of Lennar from $118.00 to $114.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lennar presently has an average rating of “Hold” and an average price target of $121.75.

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.