CoreCap Advisors LLC Buys Shares of 2,101 Lennar Co. (NYSE:LEN)

CoreCap Advisors LLC bought a new stake in Lennar Co. (NYSE:LENFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,101 shares of the construction company’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Lennar during the third quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Lennar during the third quarter worth approximately $28,000. BluePath Capital Management LLC acquired a new position in shares of Lennar during the third quarter worth approximately $29,000. Coppell Advisory Solutions LLC acquired a new position in shares of Lennar during the second quarter worth approximately $46,000. Finally, NBC Securities Inc. acquired a new position in shares of Lennar during the third quarter worth approximately $56,000. 79.87% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of NYSE:LEN opened at $165.56 on Wednesday. The company’s fifty day moving average is $155.45 and its two-hundred day moving average is $136.43. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. Lennar Co. has a 12-month low of $100.95 and a 12-month high of $168.05. The company has a market cap of $46.49 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.52.

Lennar (NYSE:LENGet Free Report) last announced its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the business earned $2.12 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Equities analysts expect that Lennar Co. will post 14.24 earnings per share for the current fiscal year.

Lennar Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th were issued a dividend of $0.50 per share. This is a boost from Lennar’s previous quarterly dividend of $0.38. This represents a $2.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, January 23rd. Lennar’s payout ratio is currently 14.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research report on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a report on Friday, March 15th. UBS Group boosted their target price on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, March 15th. StockNews.com raised Lennar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Lennar presently has an average rating of “Moderate Buy” and a consensus price target of $162.69.

Read Our Latest Analysis on Lennar

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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