Legacy Capital Wealth Companions LLC purchased a brand new stake in Lennar Co. (NYSE:LEN – Free Report) within the 2nd quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee. The fund purchased 2,197 shares of the development firm’s inventory, valued at roughly $329,000.
A number of different institutional traders have additionally just lately added to or diminished their stakes in LEN. Rise Advisors LLC elevated its stake in shares of Lennar by 484.0% throughout the 1st quarter. Rise Advisors LLC now owns 146 shares of the development firm’s inventory valued at $25,000 after buying a further 121 shares over the past quarter. J.Safra Asset Administration Corp acquired a brand new place in shares of Lennar throughout the 1st quarter valued at about $30,000. New Covenant Belief Firm N.A. acquired a brand new place in shares of Lennar throughout the 1st quarter valued at about $32,000. Redmont Wealth Advisors LLC acquired a brand new place in shares of Lennar throughout the 1st quarter valued at about $35,000. Lastly, Fortitude Household Workplace LLC elevated its stake in shares of Lennar by 223.6% throughout the 2nd quarter. Fortitude Household Workplace LLC now owns 233 shares of the development firm’s inventory valued at $35,000 after buying a further 161 shares over the past quarter. Institutional traders and hedge funds personal 81.10% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Quite a lot of analysis analysts have just lately commented on LEN shares. Raymond James downgraded shares of Lennar from an “outperform” score to a “market carry out” score in a analysis notice on Tuesday, July 2nd. The Goldman Sachs Group downgraded shares of Lennar from a “purchase” score to a “impartial” score and dropped their goal value for the inventory from $180.00 to $174.00 in a analysis report on Monday, July twenty second. Keefe, Bruyette & Woods elevated their goal value on shares of Lennar from $183.00 to $230.00 and gave the inventory an “outperform” score in a analysis report on Wednesday. Wedbush raised shares of Lennar from an “underperform” score to a “impartial” score and set a $144.00 goal value for the corporate in a analysis report on Tuesday, July ninth. Lastly, Argus elevated their goal value on shares of Lennar from $175.00 to $180.00 and gave the inventory a “purchase” score in a analysis report on Thursday, June twenty seventh. Two funding analysts have rated the inventory with a promote score, eight have issued a maintain score and eight have assigned a purchase score to the corporate. In keeping with information from MarketBeat.com, the inventory at present has a median score of “Maintain” and a consensus value goal of $172.06.
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Lennar Inventory Down 0.0 %
NYSE LEN opened at $178.31 on Thursday. The inventory has a market cap of $48.96 billion, a PE ratio of 12.12, a P/E/G ratio of 1.65 and a beta of 1.61. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week excessive of $186.60. The enterprise has a 50 day shifting common value of $167.76 and a two-hundred day shifting common value of $161.61. The corporate has a fast ratio of 0.91, a present ratio of 4.93 and a debt-to-equity ratio of 0.08.
Lennar (NYSE:LEN – Get Free Report) final launched its earnings outcomes on Monday, June seventeenth. The development firm reported $3.38 EPS for the quarter, beating the consensus estimate of $3.20 by $0.18. The corporate had income of $8.77 billion throughout the quarter, in comparison with analysts’ expectations of $8.57 billion. Lennar had a return on fairness of 15.93% and a internet margin of 11.58%. As a gaggle, sell-side analysts predict that Lennar Co. will put up 14.16 EPS for the present fiscal yr.
Lennar Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which was paid on Friday, July nineteenth. Stockholders of file on Friday, July fifth had been paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, July fifth. Lennar’s dividend payout ratio (DPR) is at present 13.60%.
About Lennar
Lennar Company, along with its subsidiaries, operates as a homebuilder primarily underneath the Lennar model in the US. It operates via Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Monetary Providers, Multifamily, and Lennar Different segments. The corporate’s homebuilding operations embody the development and sale of single-family hooked up and indifferent properties, in addition to the acquisition, growth, and sale of residential land; and growth, development, and administration of multifamily rental properties.
Additional Studying
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