1 week Ago By ABMN Staff
Savant Capital LLC reduced its position in shares of Lennar Co. ( NYSE:LEN – Free Report ) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 18,674 shares of the construction company’s stock after selling 88 shares during the period. Savant Capital LLC’s holdings in Lennar were worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also modified their holdings of the company.
BBR Partners LLC grew its position in Lennar by 3.4% in the 2nd quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock valued at $364,000 after acquiring an additional 79 shares in the last quarter.
Impact Partnership Wealth LLC increased its stake in Lennar by 98.3% during the 2nd quarter. Impact Partnership Wealth LLC now owns 3,471 shares of the construction company’s stock worth $520,000 after buying an additional 1,721 shares during the period.
TD Asset Management Inc boosted its position in Lennar by 11.3% in the 2nd quarter. TD Asset Management Inc now owns 185,067 shares of the construction company’s stock valued at $27,736,000 after buying an additional 18,730 shares during the period.
Gries Financial LLC increased its position in shares of Lennar by 5.2% during the second quarter. Gries Financial LLC now owns 2,548 shares of the construction company’s stock worth $382,000 after acquiring an additional 127 shares during the period.
Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Lennar in the second quarter valued at $377,000. 81.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several research analysts recently commented on the company. Royal Bank of Canada reissued an “underperform” rating and set a $145.00 target price on shares of Lennar in a research note on Thursday, June 20th.
JMP Securities restated a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research note on Thursday, June 20th. Wells Fargo & Company lifted their price target on shares of Lennar from $185.
00 to $195.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. The Goldman Sachs Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.
00 to $174.00 in a report on Monday, July 22nd. Finally, BTIG Research decreased their target price on Lennar from $177.
00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock.
According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $172.06. Lennar Stock Up 0.
9 % Shares of NYSE:LEN opened at $179.42 on Monday. Lennar Co.
has a fifty-two week low of $102.90 and a fifty-two week high of $186.60.
The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.
08. The firm’s 50-day simple moving average is $168.92 and its 200-day simple moving average is $162.
08. The company has a market cap of $49.27 billion, a price-to-earnings ratio of 12.
20, a PEG ratio of 1.65 and a beta of 1.61.
Lennar ( NYSE:LEN – Get Free Report ) last announced its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.
20 by $0.18. The company had revenue of $8.
77 billion for the quarter, compared to analyst estimates of $8.57 billion. Lennar had a return on equity of 15.
93% and a net margin of 11.58%. As a group, equities research analysts predict that Lennar Co.
will post 14.16 earnings per share for the current year. Lennar Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th.
Shareholders of record on Friday, July 5th were given a $0.50 dividend. This represents a $2.
00 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, July 5th.
Lennar’s payout ratio is 13.60%. Lennar Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.
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