Capital Investment Advisors LLC Sells 650 Shares of Lennar Corporation $LEN

Capital Investment Advisors LLC trimmed its position in Lennar Corporation (NYSE:LEN) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 21,529 shares of the construction company’s stock after selling 650 shares during the quarter. Capital Investment Advisors LLC’s holdings in Lennar were worth $2,381,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LEN. Brighton Jones LLC boosted its position in Lennar by 27.9% in the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after buying an additional 377 shares during the last quarter. Rothschild Investment LLC boosted its position in Lennar by 24.4% in the 1st quarter. Rothschild Investment LLC now owns 755 shares of the construction company’s stock valued at $87,000 after buying an additional 148 shares during the last quarter. Czech National Bank boosted its position in Lennar by 3.6% in the 1st quarter. Czech National Bank now owns 53,634 shares of the construction company’s stock valued at $6,156,000 after buying an additional 1,855 shares during the last quarter. Fiduciary Alliance LLC bought a new position in shares of Lennar in the 1st quarter worth $1,481,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar in the 1st quarter worth $33,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

Shares of Lennar stock opened at $126.07 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 5.71 and a beta of 1.33. Lennar Corporation has a one year low of $98.42 and a one year high of $189.65. The stock’s 50-day moving average is $127.91 and its 200-day moving average is $116.15.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm earned $3.90 EPS. Lennar’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts predict that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. Lennar’s dividend payout ratio (DPR) is 19.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Wells Fargo & Company raised their price target on Lennar from $110.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 2nd. Zacks Research upgraded Lennar from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Evercore ISI raised their price target on Lennar from $114.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 22nd. Finally, UBS Group raised their price target on Lennar from $146.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.75.

About Lennar

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.