Metis Global Partners LLC Has $931,000 Position in Lennar Corporation $LEN

Metis Global Partners LLC lessened its holdings in Lennar Corporation (NYSE:LEN) by 24.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,417 shares of the construction company’s stock after selling 2,786 shares during the period. Metis Global Partners LLC’s holdings in Lennar were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Lennar during the 2nd quarter worth about $424,950,000. The Manufacturers Life Insurance Company lifted its position in Lennar by 45.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company’s stock worth $1,020,866,000 after acquiring an additional 2,777,567 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of Lennar by 130.8% during the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company’s stock worth $181,523,000 after acquiring an additional 896,264 shares during the period. Brave Warrior Advisors LLC grew its position in shares of Lennar by 23.4% in the first quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company’s stock valued at $251,323,000 after purchasing an additional 415,218 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Lennar during the first quarter worth approximately $41,788,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded Lennar from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore ISI decreased their price target on shares of Lennar from $118.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Bank of America dropped their price objective on shares of Lennar from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $121.75.

Lennar Stock Performance

Shares of NYSE:LEN opened at $125.33 on Wednesday. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $180.12. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 5.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The company’s 50 day simple moving average is $127.31 and its 200 day simple moving average is $119.05.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter last year, the business posted $3.90 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, research analysts predict that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Lennar’s dividend payout ratio is 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.