Managed Asset Portfolios LLC Takes Position in Lennar Corporation $LEN

Managed Asset Portfolios LLC bought a new position in shares of Lennar Corporation (NYSE:LEN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,523 shares of the construction company’s stock, valued at approximately $696,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Lennar by 27.9% during the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after purchasing an additional 377 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Lennar by 29.8% during the 1st quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock valued at $1,589,000 after buying an additional 3,177 shares during the period. Hantz Financial Services Inc. increased its position in shares of Lennar by 5,161.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 947 shares of the construction company’s stock worth $105,000 after purchasing an additional 929 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Lennar in the 2nd quarter valued at approximately $340,000. Finally, Fullcircle Wealth LLC raised its position in Lennar by 2.4% in the second quarter. Fullcircle Wealth LLC now owns 6,758 shares of the construction company’s stock valued at $803,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

LEN has been the topic of several research reports. Citizens Jmp reissued a “market perform” rating on shares of Lennar in a research report on Wednesday, January 7th. BTIG Research set a $90.00 price target on Lennar in a report on Thursday, December 18th. Argus raised shares of Lennar to a “strong-buy” rating in a research report on Friday, January 16th. Keefe, Bruyette & Woods cut their price target on Lennar from $125.00 to $115.00 and set a “market perform” rating on the stock in a research report on Thursday, December 18th. Finally, Bank of America restated an “underperform” rating and issued a $95.00 price target (down from $125.00) on shares of Lennar in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and eight 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 $106.38.

Lennar Price Performance

LEN stock opened at $108.47 on Wednesday. The company has a market cap of $26.79 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.61 and a beta of 1.43. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $144.24. The firm has a 50 day moving average of $113.27 and a 200-day moving average of $121.41.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company posted $4.03 earnings per share. Lennar’s revenue was down 5.8% on a year-over-year basis. As a group, equities analysts expect that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, February 4th. Lennar’s dividend payout ratio is currently 25.03%.

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.