Opal Capital LLC Has $4.61 Million Stock Holdings in Lennar Corporation $LEN

Opal Capital LLC raised its stake in Lennar Corporation (NYSE:LEN) by 124.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,032 shares of the construction company’s stock after purchasing an additional 29,435 shares during the period. Opal Capital LLC’s holdings in Lennar were worth $4,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in shares of Lennar by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after purchasing an additional 85 shares in the last quarter. Rossby Financial LCC increased its stake in Lennar by 9.1% during the 4th quarter. Rossby Financial LCC now owns 1,059 shares of the construction company’s stock valued at $109,000 after purchasing an additional 88 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in Lennar by 1.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 10,560 shares of the construction company’s stock worth $1,086,000 after buying an additional 100 shares during the last quarter. KDT Advisors LLC lifted its stake in shares of Lennar by 2.7% in the third quarter. KDT Advisors LLC now owns 4,654 shares of the construction company’s stock valued at $587,000 after buying an additional 123 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in shares of Lennar by 1.3% in the first quarter. KCM Investment Advisors LLC now owns 9,879 shares of the construction company’s stock valued at $858,000 after buying an additional 125 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LEN. Truist Financial decreased their target price on shares of Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. UBS Group decreased their price objective on Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Bank of America dropped their target price on Lennar from $84.00 to $77.00 and set an “underperform” rating on the stock in a report on Friday, June 12th. Evercore raised their price objective on Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. lowered 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. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $92.80.

Lennar Trading Up 3.0%

NYSE LEN opened at $87.61 on Wednesday. The business’s fifty day moving average is $88.12 and its 200-day moving average is $96.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.82 and a beta of 1.38. Lennar Corporation has a one year low of $79.82 and a one year high of $144.24.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The business 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 quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 earnings per share. Equities research analysts predict that Lennar Corporation will post 5.52 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. Lennar’s dividend payout ratio (DPR) is presently 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.