Virtu Financial LLC Buys Shares of 23,095 Lennar Corporation $LEN

Virtu Financial LLC purchased a new position in shares of Lennar Corporation (NYSE:LEN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,095 shares of the construction company’s stock, valued at approximately $2,374,000.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Redmont Wealth Advisors LLC bought a new position in Lennar in the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Lennar in the third quarter worth about $25,000. DV Equities LLC acquired a new stake in shares of Lennar in the 4th quarter valued at approximately $31,000. High Point Wealth Management LLC bought a new stake in shares of Lennar during the 4th quarter valued at approximately $31,000. Finally, Washington Trust Advisors Inc. increased its position in Lennar by 102.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock worth $47,000 after purchasing an additional 188 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LEN. Royal Bank Of Canada cut their target price on shares of Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a research report on Monday, June 15th. 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 Friday, June 12th. UBS Group dropped their price target on Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group reissued a “neutral” rating on shares of Lennar in a report on Friday, June 5th. Finally, Truist Financial reduced their price objective on Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and ten have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lennar currently has an average rating of “Reduce” and an average target price of $95.00.

Lennar Trading Up 0.0%

LEN opened at $89.74 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. Lennar Corporation has a fifty-two week low of $81.18 and a fifty-two week high of $144.24. The company’s 50 day moving average price is $89.57 and its two-hundred day moving average price is $101.95. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 3.00 and a beta of 1.39.

Lennar (NYSE:LEN) last released its quarterly earnings results 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. The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 earnings per share. As a group, research analysts predict that Lennar Corporation will post 5.47 earnings per share for the current year.

Lennar Announces Dividend

The business 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 of this dividend was Wednesday, April 22nd. Lennar’s dividend payout ratio (DPR) is currently 31.30%.

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.