Brown Advisory Inc. Increases Holdings in Lennar Corporation (NYSE:LEN)

Brown Advisory Inc. lifted its position in shares of Lennar Corporation (NYSE:LEN) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,965 shares of the construction company’s stock after acquiring an additional 354 shares during the quarter. Brown Advisory Inc.’s holdings in Lennar were worth $799,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LEN. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lennar by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company’s stock worth $23,962,000 after purchasing an additional 4,332 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Lennar by 35.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,695 shares of the construction company’s stock worth $309,000 after purchasing an additional 710 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Lennar by 10.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company’s stock worth $1,006,000 after purchasing an additional 672 shares during the period. TrueMark Investments LLC purchased a new position in shares of Lennar during the 4th quarter worth $1,331,000. Finally, Stamos Capital Partners L.P. lifted its stake in shares of Lennar by 182.8% during the 4th quarter. Stamos Capital Partners L.P. now owns 11,030 shares of the construction company’s stock worth $1,504,000 after purchasing an additional 7,130 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 0.8%

Shares of NYSE LEN opened at $113.03 on Tuesday. The company’s fifty day moving average is $109.43 and its 200-day moving average is $116.93. The stock has a market cap of $29.27 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 4.84 and a beta of 1.33. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $187.61. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the previous year, the business earned $3.45 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. Equities research analysts predict that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, July 3rd. Lennar’s payout ratio is 16.54%.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of research analyst reports. JMP Securities dropped their price objective on Lennar from $150.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, June 20th. Bank of America dropped their price objective on Lennar from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, June 18th. Zelman & Associates downgraded Lennar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 18th. UBS Group lowered their price target on Lennar from $164.00 to $146.00 and set a “buy” rating for the company in a report on Wednesday, June 18th. Finally, Wall Street Zen downgraded Lennar from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $128.85.

Lennar Company 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.