MUFG Securities EMEA plc Boosts Position in Lennar Corporation $LEN

MUFG Securities EMEA plc grew its holdings in shares of Lennar Corporation (NYSE:LEN) by 2,522.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,245 shares of the construction company’s stock after buying an additional 109,889 shares during the period. MUFG Securities EMEA plc’s holdings in Lennar were worth $11,744,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc purchased a new position in shares of Lennar during the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of Lennar during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Lennar during the third quarter valued at approximately $25,000. High Point Wealth Management LLC purchased a new stake in Lennar in the fourth quarter worth $31,000. Finally, Washington Trust Advisors Inc. raised 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 worth $47,000 after purchasing an additional 188 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Trading Up 0.2%

NYSE LEN opened at $89.95 on Monday. Lennar Corporation has a 12 month low of $81.18 and a 12 month high of $144.24. The stock has a market cap of $22.22 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.98 and a beta of 1.39. The stock’s fifty day moving average price is $89.14 and its 200-day moving average price is $105.25. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 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 for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the business earned $2.14 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, equities analysts forecast that Lennar Corporation will post 5.87 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend 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 28.74%.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of research reports. Argus decreased their price objective on Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Barclays decreased their price objective on Lennar from $85.00 to $80.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. Citigroup decreased their price objective on Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. UBS Group decreased their price objective on Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Keefe, Bruyette & Woods decreased their price objective on Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, Lennar presently has an average rating of “Reduce” and an average price target of $99.87.

About Lennar

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.