13,401 Shares in Lennar Corporation $LEN Purchased by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC bought a new stake in Lennar Corporation (NYSE:LEN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,401 shares of the construction company’s stock, valued at approximately $1,689,000.

Several other large investors also recently modified their holdings of LEN. Lazard Asset Management LLC lifted its stake in Lennar by 7.1% in the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock valued at $141,000 after purchasing an additional 85 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Lennar by 2.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company’s stock valued at $549,000 after buying an additional 107 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Lennar by 6.1% during the 2nd quarter. Brighton Jones LLC now owns 2,049 shares of the construction company’s stock worth $227,000 after acquiring an additional 118 shares during the period. Coldstream Capital Management Inc. increased its holdings in Lennar by 1.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 6,430 shares of the construction company’s stock worth $711,000 after acquiring an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Lennar by 3.4% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,708 shares of the construction company’s stock valued at $426,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a research note on Thursday, December 18th. Raymond James Financial lowered shares of Lennar from a “market perform” rating to an “underperform” rating in a research note on Monday, September 22nd. Barclays lowered their target price on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a report on Thursday, December 18th. BTIG Research set a $90.00 price target on Lennar in a report on Thursday, December 18th. Finally, Evercore ISI lowered Lennar from an “in-line” rating to an “underperform” rating and decreased their price objective for the company 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, three have assigned a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, Lennar has an average rating of “Reduce” and a consensus price target of $109.62.

Lennar Trading Up 0.2%

Lennar stock opened at $105.00 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $144.24. The stock has a market cap of $26.78 billion, a P/E ratio of 13.14, a PEG ratio of 1.07 and a beta of 1.38. The firm’s fifty day moving average price is $121.80 and its 200-day moving average price is $121.55.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.27). The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a net margin of 6.08% and a return on equity of 9.27%. Lennar’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.03 EPS. Equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, October 10th. Lennar’s dividend payout ratio is 25.03%.

About Lennar

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.