ClearAlpha Technologies LP Purchases Shares of 9,147 Lennar Corporation $LEN

ClearAlpha Technologies LP purchased a new stake in shares of Lennar Corporation (NYSE:LEN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,147 shares of the construction company’s stock, valued at approximately $940,000. Lennar accounts for about 2.7% of ClearAlpha Technologies LP’s portfolio, making the stock its 8th biggest position.

Other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Lennar in the third quarter worth about $25,000. DV Equities LLC bought a new stake in shares of Lennar in the fourth quarter worth about $31,000. High Point Wealth Management LLC bought a new stake in shares of Lennar in the fourth quarter worth about $31,000. Finally, Washington Trust Advisors Inc. increased its holdings 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 worth $47,000 after purchasing an additional 188 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Stock Down 3.7%

Shares of NYSE:LEN opened at $86.42 on Thursday. Lennar Corporation has a 1 year low of $81.18 and a 1 year high of $144.24. The business has a 50 day simple moving average of $89.47 and a two-hundred day simple moving average of $102.32. The firm has a market capitalization of $21.34 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.97 and a beta of 1.39. 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 (NYSE:LEN) last announced its 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. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that Lennar Corporation will post 5.53 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were issued a $0.50 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Lennar’s payout ratio is presently 31.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a report on Thursday, June 11th. Truist Financial reduced their target price on Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Zacks Research raised Lennar from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. BTIG Research set a $67.00 price objective on Lennar in a research note on Monday. Finally, Argus reduced 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. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $95.00.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Lennar is still focusing on operational execution, including higher deliveries, faster build times, and technology investments, which could help support volume even in a tough housing market. Article Title
• Neutral Sentiment: The company is getting some attention for a new attached-home community in Santa Clarita, another sign Lennar is leaning into product mix and community expansion. Article Title
• Neutral Sentiment: Some investors and commentators are debating whether Lennar’s pullback has created a value opportunity, since the stock now looks cheaper on valuation metrics. Article Title
• Negative Sentiment: Wall Street sentiment has turned more cautious, with Keefe, Bruyette & Woods and JPMorgan both lowering price targets and maintaining bearish ratings, reinforcing concern about downside risk. Article Title Article Title
• Negative Sentiment: Recent reports highlight stretched affordability, heavy incentives per home, falling sales prices, and tight margins, suggesting Lennar may need to keep discounting to sustain demand. Article Title Article Title
• Negative Sentiment: Analysts also warn that Lennar’s recent earnings trends, estimate cuts, and broader housing-sector headwinds could make the stock look more like a value trap than a bargain. Article Title Article Title

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.