Ellsworth Advisors LLC Has $1.91 Million Holdings in Lennar Corporation $LEN

Ellsworth Advisors LLC lifted its holdings in shares of Lennar Corporation (NYSE:LEN) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,638 shares of the construction company’s stock after purchasing an additional 179 shares during the period. Ellsworth Advisors LLC’s holdings in Lennar were worth $1,910,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Lennar in the fourth quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new position in Lennar in the first quarter valued at $30,000. NBC Securities Inc. bought a new stake in shares of Lennar during the 1st quarter valued at about $33,000. Franchise Capital Ltd bought a new stake in shares of Lennar during the 1st quarter valued at about $38,000. Finally, Disciplina Capital Management LLC boosted its position in shares of Lennar by 179.8% during the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

Shares of NYSE LEN opened at $136.75 on Thursday. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $122.94 and its 200-day moving average price is $115.37. The firm has a market capitalization of $35.42 billion, a P/E ratio of 11.31, a P/E/G ratio of 5.83 and a beta of 1.33. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%.The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.45 earnings per share. Equities research analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. Lennar’s payout ratio is presently 16.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LEN shares. Wall Street Zen lowered Lennar from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. Bank of America cut their target price on Lennar from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods cut their target price on Lennar from $128.00 to $114.00 and set a “market perform” rating on the stock in a research report on Friday, June 20th. Wells Fargo & Company upped their price objective on shares of Lennar from $110.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. Finally, Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Lennar in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $130.77.

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.