Nykredit A S Takes Position in Lennar Corporation $LEN

Nykredit A S purchased a new position in Lennar Corporation (NYSE:LEN) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 62,743 shares of the construction company’s stock, valued at approximately $5,678,000.

Several other large investors also recently made changes to their positions in LEN. Phillip James Consulting Co. bought a new position in shares of Lennar during the first quarter worth about $30,000. DV Equities LLC acquired a new position in Lennar during the fourth quarter worth $31,000. Global Assets Advisory LLC bought a new stake in shares of Lennar in the 1st quarter valued at about $39,000. Quarry LP bought a new stake in Lennar in the fourth quarter valued at approximately $41,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in Lennar in the 4th quarter valued at $45,000. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LEN shares. Argus set a $108.00 price target on shares of Lennar in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a research note on Thursday, June 11th. Evercore upped their target price on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research note on Monday, June 15th. UBS Group reduced their price target on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Finally, Barclays cut their price objective on Lennar from $80.00 to $79.00 and set an “underweight” rating on the stock in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $92.13.

Lennar Stock Up 0.1%

Shares of Lennar stock opened at $83.70 on Monday. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 2.78 and a beta of 1.39. Lennar Corporation has a one year low of $79.82 and a one year high of $144.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $85.63 and its 200 day moving average is $90.82.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. The company had revenue of $7.94 billion during the quarter, compared to analyst estimates of $8.08 billion. Lennar had a net margin of 4.93% and a return on equity of 7.08%. Lennar’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. Equities research analysts anticipate that Lennar Corporation will post 5.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 10th. Lennar’s dividend payout ratio (DPR) is 31.30%.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.