27,050 Shares in Lennar Corporation $LEN Bought by Capula Management Ltd

Capula Management Ltd acquired a new position in shares of Lennar Corporation (NYSE:LEN) during the 1st quarter, Holdings Channel.com reports. The fund acquired 27,050 shares of the construction company’s stock, valued at approximately $2,349,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of Lennar by 7.1% during the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after buying an additional 85 shares during the period. Rossby Financial LCC increased its position in Lennar by 9.1% in the 4th quarter. Rossby Financial LCC now owns 1,059 shares of the construction company’s stock valued at $109,000 after acquiring an additional 88 shares during the period. New Mexico Educational Retirement Board raised its stake in Lennar by 1.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,560 shares of the construction company’s stock valued at $1,086,000 after acquiring an additional 100 shares during the last quarter. KDT Advisors LLC lifted its position in Lennar by 2.7% during the 3rd quarter. KDT Advisors LLC now owns 4,654 shares of the construction company’s stock worth $587,000 after acquiring an additional 123 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its position in Lennar by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 17,725 shares of the construction company’s stock worth $1,822,000 after acquiring an additional 130 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada dropped their target price on Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a report on Monday, June 15th. UBS Group decreased their price target on Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. BTIG Research set a $67.00 price objective on shares of Lennar in a research note on Monday, June 15th. Zacks Research downgraded shares of Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company reduced their target price on shares of Lennar from $90.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and ten have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $92.80.

Lennar Stock Performance

Shares of LEN stock opened at $82.25 on Friday. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $87.96 and a 200-day simple moving average of $97.22. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38. Lennar Corporation has a 12-month low of $79.82 and a 12-month high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.Lennar’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 earnings per share. On average, equities analysts forecast that Lennar Corporation will post 5.52 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Lennar’s dividend payout ratio is 31.30%.

Lennar Company Profile

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.