Knights of Columbus Asset Advisors LLC Purchases 748 Shares of Lennar Corporation $LEN

Knights of Columbus Asset Advisors LLC increased its position in shares of Lennar Corporation (NYSE:LEN) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 49,721 shares of the construction company’s stock after buying an additional 748 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Lennar were worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Lennar by 1.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company’s stock valued at $886,000 after acquiring an additional 89 shares during the period. NorthRock Partners LLC boosted its stake in Lennar by 1.4% during the 1st quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company’s stock valued at $747,000 after purchasing an additional 93 shares during the period. Valeo Financial Advisors LLC grew its holdings in Lennar by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company’s stock valued at $1,015,000 after buying an additional 95 shares during the last quarter. EP Wealth Advisors LLC increased its position in Lennar by 2.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company’s stock worth $549,000 after buying an additional 107 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of Lennar by 8.4% during the first quarter. Mather Group LLC. now owns 1,517 shares of the construction company’s stock worth $174,000 after buying an additional 117 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a research report on Saturday, September 27th. UBS Group boosted their price objective on shares of Lennar from $146.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Citigroup reiterated an “outperform” rating on shares of Lennar in a research note on Monday, September 22nd. Bank of America lifted their target price on Lennar from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Finally, Keefe, Bruyette & Woods cut their price target on Lennar from $128.00 to $114.00 and set a “market perform” rating for the company in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.75.

Lennar Trading Up 1.4%

LEN stock opened at $130.13 on Monday. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $189.65. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $128.71 and its 200-day moving average is $116.33. The firm has a market cap of $33.70 billion, a P/E ratio of 12.86, a P/E/G ratio of 5.82 and a beta of 1.37.

Lennar (NYSE:LEN) last announced its quarterly 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. The firm 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 revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 earnings per share. Equities analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, October 10th will be given a $0.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. Lennar’s payout ratio is 19.76%.

About Lennar

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.