Knights of Columbus Asset Advisors LLC Acquires 10,502 Shares of Lennar Corporation $LEN

Knights of Columbus Asset Advisors LLC raised its position in Lennar Corporation (NYSE:LEN) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,880 shares of the construction company’s stock after buying an additional 10,502 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Lennar were worth $6,978,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc bought a new stake in shares of Lennar in the third quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Lennar in the third quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the third quarter valued at $26,000. High Point Wealth Management LLC bought a new stake in shares of Lennar in the fourth quarter valued at $31,000. Finally, Washington Trust Advisors Inc. raised its stake in shares of Lennar by 102.7% in the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after buying an additional 188 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

NYSE:LEN opened at $90.82 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. Lennar Corporation has a 52-week low of $81.18 and a 52-week high of $144.24. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.97 and a beta of 1.41. The business’s fifty day moving average is $89.38 and its 200 day moving average is $105.71.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. Research analysts predict that Lennar Corporation will post 5.87 EPS for the current year.

Lennar Dividend Announcement

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

Analyst Ratings Changes

LEN has been the topic of several research reports. Zacks Research upgraded Lennar from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Evercore lowered their target price on Lennar from $89.00 to $82.00 and set an “underperform” rating on the stock in a research note on Monday, April 13th. Citigroup lowered their target price on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Argus decreased their price objective on Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company decreased their price objective on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, Lennar currently has a consensus rating of “Reduce” and an average target price of $99.87.

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.