Aster Capital Management DIFC Ltd Buys 10,542 Shares of Lennar Corporation $LEN

Aster Capital Management DIFC Ltd boosted its stake in shares of Lennar Corporation (NYSE:LEN) by 4,101.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,799 shares of the construction company’s stock after acquiring an additional 10,542 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Lennar were worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new position in Lennar during the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC acquired a new position in Lennar during the third quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in Lennar during the fourth quarter valued at approximately $31,000. Quarry LP acquired a new position in Lennar during the fourth quarter valued at approximately $41,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Lennar during the fourth quarter valued at approximately $45,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LEN has been the subject of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of Lennar from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods downgraded shares of Lennar from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $97.00 to $86.00 in a research report on Tuesday, June 9th. UBS Group lowered their price objective on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Finally, Bank of America lowered their price target on shares of Lennar from $84.00 to $77.00 and set an “underperform” rating for the company in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat, Lennar has an average rating of “Reduce” and a consensus target price of $95.38.

Lennar Stock Down 0.6%

Shares of NYSE:LEN opened at $89.73 on Tuesday. The company has a fifty day moving average of $89.44 and a 200-day moving average of $102.93. The company has a market capitalization of $22.16 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.83 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. Lennar Corporation has a 52-week low of $81.18 and a 52-week high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 earnings per share. On average, equities analysts predict that Lennar Corporation will post 5.85 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Lennar’s dividend payout ratio is 31.30%.

Lennar Profile

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.