Lennar Corporation $LEN Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its holdings in Lennar Corporation (NYSE:LEN) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,365 shares of the construction company’s stock after acquiring an additional 905 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Lennar were worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LEN. Secured Retirement Advisors LLC acquired a new stake in shares of Lennar during the 1st quarter worth $926,000. Marks Group Wealth Management Inc increased its holdings in shares of Lennar by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company’s stock worth $251,000 after buying an additional 292 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lennar by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company’s stock worth $23,962,000 after buying an additional 4,332 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Lennar by 24.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company’s stock worth $4,825,000 after buying an additional 8,357 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Lennar by 77.7% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company’s stock worth $419,000 after buying an additional 1,596 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE:LEN opened at $117.58 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The firm has a 50-day moving average of $129.30 and a two-hundred day moving average of $116.47. The stock has a market cap of $30.45 billion, a P/E ratio of 11.62, a PEG ratio of 5.38 and a beta of 1.37. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $189.65.

Lennar (NYSE:LEN) last posted its quarterly earnings data 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 company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.90 EPS. On average, research analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. Lennar’s dividend payout ratio (DPR) is presently 19.76%.

Wall Street Analyst Weigh In

LEN has been the subject of a number of research analyst reports. Wall Street Zen downgraded Lennar from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. Barclays dropped their price objective on Lennar from $110.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Keefe, Bruyette & Woods lowered 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. UBS Group increased their price target on Lennar from $146.00 to $161.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Citigroup reiterated an “outperform” rating on shares of Lennar in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $123.42.

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.