Eurizon Capital SGR S.p.A. Acquires New Position in Lennar Corporation $LEN

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Lennar Corporation (NYSE:LEN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,754 shares of the construction company’s stock, valued at approximately $2,650,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guerra Advisors Inc bought a new position in Lennar in the 3rd quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Lennar in the 3rd quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new position in Lennar in the 3rd quarter worth about $26,000. High Point Wealth Management LLC bought a new position in Lennar in the 4th quarter worth about $31,000. Finally, Cary Street Partners Financial LLC bought a new position in Lennar in the 2nd quarter worth about $47,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.9%

LEN stock opened at $90.90 on Wednesday. Lennar Corporation has a 12 month low of $81.18 and a 12 month high of $144.24. The firm has a market cap of $22.45 billion, a PE ratio of 13.06, a P/E/G ratio of 1.99 and a beta of 1.39. The firm has a 50 day simple moving average of $89.07 and a 200 day simple moving average of $105.00. 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 (NYSE:LEN) last released its earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the prior year, the company earned $2.14 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 5.87 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lennar’s dividend payout ratio is 28.74%.

Analyst Upgrades and Downgrades

LEN has been the subject of several recent analyst reports. Zacks Research upgraded shares of Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. The Goldman Sachs Group decreased their price objective on shares of Lennar from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Truist Financial decreased their price objective on shares of Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Citigroup decreased their price objective on shares of Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $99.87.

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.