Lennar Corporation $LEN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Lennar Corporation (NYSE:LEN) by 361.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,635 shares of the construction company’s stock after buying an additional 60,822 shares during the quarter. SG Americas Securities LLC’s holdings in Lennar were worth $6,742,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LEN. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Lennar by 14.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock valued at $596,504,000 after purchasing an additional 603,004 shares during the period. Viking Global Investors LP increased its holdings in Lennar by 86.7% in the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after buying an additional 1,172,068 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Lennar by 12.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,127,225 shares of the construction company’s stock worth $218,681,000 after acquiring an additional 228,247 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Lennar by 90.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock worth $201,835,000 after acquiring an additional 934,856 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of Lennar during the 4th quarter worth about $95,941,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE:LEN opened at $93.54 on Monday. The company has a market cap of $23.10 billion, a P/E ratio of 14.64, a P/E/G ratio of 3.07 and a beta of 1.39. Lennar Corporation has a twelve month low of $81.18 and a twelve month high of $144.24. The company’s 50-day moving average price is $89.78 and its 200-day moving average price is $100.48. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same quarter in the prior year, the company earned $1.81 EPS. Lennar’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Lennar Corporation will post 5.58 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, July 10th. Lennar’s dividend payout ratio (DPR) is currently 31.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LEN shares. Keefe, Bruyette & Woods cut their price target on Lennar from $86.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, June 17th. UBS Group dropped their price objective on Lennar from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Royal Bank Of Canada cut their price objective on Lennar from $88.00 to $85.00 and set an “underperform” rating for the company in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a research note on Thursday, June 11th. Finally, Argus dropped their price target on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, Lennar presently has a consensus rating of “Reduce” and an average price target of $95.00.

Lennar Company 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.