Lennar Corporation $LEN Shares Bought by Caxton Associates LLP

Caxton Associates LLP lifted its stake in shares of Lennar Corporation (NYSE:LEN) by 875.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,589 shares of the construction company’s stock after buying an additional 40,917 shares during the quarter. Caxton Associates LLP’s holdings in Lennar were worth $3,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEN. DV Equities LLC purchased a new stake in Lennar in the fourth quarter valued at $31,000. High Point Wealth Management LLC acquired a new stake in shares of Lennar during the fourth quarter worth about $31,000. Phillip James Consulting Co. acquired a new stake in shares of Lennar during the first quarter worth about $30,000. Quarry LP acquired a new stake in shares of Lennar in the 4th quarter valued at about $41,000. Finally, Cary Street Partners Financial LLC purchased a new position in Lennar during the 2nd quarter worth approximately $47,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 0.1%

Shares of NYSE:LEN opened at $82.25 on Friday. Lennar Corporation has a fifty-two week low of $79.82 and a fifty-two week high of $144.24. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $87.96 and its 200-day simple moving average is $97.22. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.73 and a beta of 1.38.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 earnings per share. As a group, equities research analysts predict that Lennar Corporation will post 5.52 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a $0.50 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.00 annualized dividend and a yield of 2.4%. Lennar’s dividend payout ratio is presently 31.30%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LEN shares. Truist Financial decreased their price objective on Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. UBS Group decreased their price target on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $86.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 17th. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Tuesday, June 16th. Finally, Wells Fargo & Company lowered their price target on Lennar from $90.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $92.80.

About Lennar

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.