Clarius Group LLC Has $255,000 Position in Lennar Corporation (NYSE:LEN)

Clarius Group LLC trimmed its holdings in shares of Lennar Corporation (NYSE:LEN) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,220 shares of the construction company’s stock after selling 336 shares during the period. Clarius Group LLC’s holdings in Lennar were worth $255,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Insigneo Advisory Services LLC bought a new stake in Lennar during the first quarter worth about $240,000. Stockman Wealth Management Inc. acquired a new position in shares of Lennar during the 1st quarter worth approximately $6,682,000. Sagespring Wealth Partners LLC raised its stake in shares of Lennar by 60.2% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,753 shares of the construction company’s stock worth $316,000 after purchasing an additional 1,034 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Lennar in the 1st quarter valued at approximately $10,649,000. Finally, Warther Private Wealth LLC bought a new position in shares of Lennar in the first quarter valued at $13,367,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE:LEN opened at $103.37 on Friday. The company has a current ratio of 3.65, a quick ratio of 0.68 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.27 billion, a P/E ratio of 8.55, a PEG ratio of 2.82 and a beta of 1.33. The stock has a 50 day simple moving average of $107.76 and a 200 day simple moving average of $122.08. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $187.61.

Lennar (NYSE:LEN) last released its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same quarter last year, the company posted $3.45 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. Research analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.93%. Lennar’s payout ratio is 16.54%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 25th. Wall Street Zen raised shares of Lennar from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Zelman & Associates downgraded shares of Lennar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on Lennar from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group cut their price objective on Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Sixteen analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.60.

Lennar Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.