Whalen Wealth Management Inc. Makes New $1.03 Million Investment in Lennar Corporation $LEN

Whalen Wealth Management Inc. purchased a new position in shares of Lennar Corporation (NYSE:LEN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,338 shares of the construction company’s stock, valued at approximately $1,033,000.

Other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Lennar during the second quarter worth approximately $33,000. Disciplina Capital Management LLC lifted its position in shares of Lennar by 179.8% in the first 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. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lennar in the second quarter valued at approximately $43,000. Wayfinding Financial LLC purchased a new position in shares of Lennar in the first quarter valued at approximately $44,000. Finally, Valley National Advisers Inc. lifted its position in shares of Lennar by 34.7% in the first quarter. Valley National Advisers Inc. now owns 466 shares of the construction company’s stock valued at $53,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE:LEN opened at $128.28 on Wednesday. Lennar Corporation has a one year low of $98.42 and a one year high of $180.12. 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 stock has a market cap of $32.71 billion, a PE ratio of 12.68, a P/E/G ratio of 5.99 and a beta of 1.37. The stock has a 50 day moving average price of $129.38 and a 200 day moving average price of $117.79.

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

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 annualized dividend and a yield of 1.6%. Lennar’s dividend payout ratio (DPR) is 19.76%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LEN shares. JMP Securities raised their target price on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research report on Monday, September 22nd. Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Lennar in a research report on Monday, September 22nd. Royal Bank Of Canada raised their target price on Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Raymond James Financial downgraded Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Lennar from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lennar currently 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.