3,692 Shares in Lennar Corporation $LEN Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in Lennar Corporation (NYSE:LEN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,692 shares of the construction company’s stock, valued at approximately $408,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after buying an additional 377 shares during the period. Brown Advisory Inc. raised its holdings in Lennar by 5.4% in the 1st quarter. Brown Advisory Inc. now owns 6,965 shares of the construction company’s stock valued at $799,000 after acquiring an additional 354 shares in the last quarter. PAX Financial Group LLC lifted its position in shares of Lennar by 2.3% during the 1st quarter. PAX Financial Group LLC now owns 5,985 shares of the construction company’s stock valued at $687,000 after acquiring an additional 136 shares during the period. Legacy Capital Wealth Partners LLC grew its holdings in shares of Lennar by 6.6% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 2,478 shares of the construction company’s stock worth $284,000 after purchasing an additional 153 shares in the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Lennar by 214.3% in the first quarter. Dynasty Wealth Management LLC now owns 6,384 shares of the construction company’s stock worth $733,000 after purchasing an additional 4,353 shares during the period. 81.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LEN shares. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Lennar in a research note on Monday, September 22nd. Royal Bank Of Canada increased their price target on shares of Lennar from $98.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Monday, September 22nd. Citigroup reissued an “outperform” rating on shares of Lennar in a research note on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a research note on Wednesday, October 8th. Finally, Evercore ISI reduced their target price on Lennar from $118.00 to $114.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.75.

Lennar Price Performance

Shares of LEN opened at $125.33 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. The stock has a market cap of $31.96 billion, a PE ratio of 12.38, a PEG ratio of 5.78 and a beta of 1.33. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $180.12. The business has a 50-day simple moving average of $127.31 and a two-hundred day simple moving average of $119.05.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.15. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.90 earnings per share. Analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Lennar’s dividend payout ratio (DPR) is presently 19.76%.

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.