Lennar Corporation $LEN Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its stake in shares of Lennar Corporation (NYSE:LEN) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,821 shares of the construction company’s stock after buying an additional 294 shares during the quarter. Belpointe Asset Management LLC’s holdings in Lennar were worth $423,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Lennar during the 1st quarter valued at $30,000. NBC Securities Inc. acquired a new stake in Lennar during the 1st quarter valued at $33,000. Disciplina Capital Management LLC grew its holdings in Lennar by 179.8% during the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after buying an additional 214 shares during the last quarter. Oakworth Capital Inc. grew its holdings in Lennar by 139.9% during the 1st quarter. Oakworth Capital Inc. now owns 343 shares of the construction company’s stock valued at $39,000 after buying an additional 200 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Lennar during the 1st quarter worth $44,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Up 0.8%

Shares of LEN opened at $118.85 on Friday. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $30.31 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 5.28 and a beta of 1.37. The stock’s fifty day simple moving average is $129.36 and its 200 day simple moving average is $116.48. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $189.65.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.15. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the company posted $3.90 EPS. On average, equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders 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 annualized dividend and a yield of 1.7%. Lennar’s dividend payout ratio (DPR) is 19.76%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research note on Wednesday. The Goldman Sachs Group increased their price target on Lennar from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Barclays reduced their price target on Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Zelman & Associates lowered Lennar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 18th. Finally, Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.58.

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.