Fox Run Management L.L.C. Invests $1.82 Million in Lennar Corporation $LEN

Fox Run Management L.L.C. bought a new position in Lennar Corporation (NYSE:LEN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,720 shares of the construction company’s stock, valued at approximately $1,822,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Lennar in the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Lennar in the third quarter valued at about $25,000. High Point Wealth Management LLC purchased a new position in Lennar in the fourth quarter valued at about $31,000. Washington Trust Advisors Inc. boosted its holdings in 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 purchasing an additional 188 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Lennar in the second quarter valued at about $47,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 0.5%

NYSE:LEN opened at $90.95 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $88.97 and its two-hundred day moving average is $104.00. Lennar Corporation has a 52 week low of $81.18 and a 52 week high of $144.24. The company has a market cap of $22.46 billion, a PE ratio of 13.07, a P/E/G ratio of 2.00 and a beta of 1.39.

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

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis 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 28.74%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research raised Lennar from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Citigroup reduced their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Evercore reduced their price target on Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a report on Monday, April 13th. Argus reduced their price target on Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Wells Fargo & Company reduced their price target on Lennar from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lennar currently has a consensus rating of “Reduce” and a consensus target price of $98.73.

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.