Asset Management Advisors LLC Buys 16,560 Shares of Lennar Corporation $LEN

Asset Management Advisors LLC increased its position in shares of Lennar Corporation (NYSE:LEN) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,542 shares of the construction company’s stock after acquiring an additional 16,560 shares during the period. Lennar makes up about 4.4% of Asset Management Advisors LLC’s investment portfolio, making the stock its 9th largest position. Asset Management Advisors LLC’s holdings in Lennar were worth $7,355,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Lennar by 27.9% during the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after purchasing an additional 377 shares during the period. Intech Investment Management LLC raised its holdings in Lennar by 29.8% during the 1st quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock worth $1,589,000 after buying an additional 3,177 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Lennar by 20.1% in the second quarter. Cetera Investment Advisers now owns 59,497 shares of the construction company’s stock worth $6,581,000 after buying an additional 9,953 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Lennar by 3.0% in the second quarter. Rockefeller Capital Management L.P. now owns 33,012 shares of the construction company’s stock worth $3,652,000 after acquiring an additional 970 shares in the last quarter. Finally, Wisconsin Wealth Advisors LLC grew its position in Lennar by 44.1% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 4,524 shares of the construction company’s stock worth $500,000 after purchasing an additional 1,385 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 1.2%

Lennar stock opened at $93.62 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. Lennar Corporation has a fifty-two week low of $92.17 and a fifty-two week high of $144.24. The firm has a fifty day moving average price of $111.64 and a two-hundred day moving average price of $118.67. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.99 and a beta of 1.43.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The company’s revenue was down 13.3% on a year-over-year basis. As a group, analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 4th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, February 4th. Lennar’s dividend payout ratio (DPR) is 28.74%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LEN shares. Royal Bank Of Canada set a $88.00 target price on Lennar in a research note on Friday, January 9th. Citigroup lowered their price target on shares of Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial cut their price objective on Lennar from $110.00 to $95.00 and set a “hold” rating for the company in a report on Monday. Argus raised Lennar to a “strong-buy” rating in a research report on Friday, January 16th. Finally, Evercore downgraded Lennar from an “in-line” rating to an “underperform” rating and cut their price target for the stock from $114.00 to $92.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, Lennar presently has a consensus rating of “Reduce” and an average price target of $102.07.

Lennar Profile

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.