WINTON GROUP Ltd Takes Position in Lennar Corporation $LEN

WINTON GROUP Ltd acquired a new stake in Lennar Corporation (NYSE:LEN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,375 shares of the construction company’s stock, valued at approximately $3,739,000.

A number of other hedge funds also recently made changes to their positions in LEN. KERR FINANCIAL PLANNING Corp bought a new position in shares of Lennar during the third quarter worth approximately $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar during the third quarter worth approximately $26,000. High Point Wealth Management LLC bought a new position in shares of Lennar during the fourth quarter worth approximately $31,000. Washington Trust Advisors Inc. increased its stake in shares of Lennar by 102.7% during 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 period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Lennar during the fourth quarter worth approximately $47,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Price Performance

Lennar stock opened at $90.63 on Monday. The stock’s fifty day moving average price is $88.97 and its two-hundred day moving average price is $104.18. Lennar Corporation has a one year low of $81.18 and a one year high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The firm has a market cap of $22.38 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39.

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

Lennar Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LEN. 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. UBS Group lowered their target price on Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. 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. Barclays lowered their target price on Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company lowered 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 given a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus 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.