Schroder Investment Management Group Decreases Stock Position in Lennar Corporation $LEN

Schroder Investment Management Group trimmed its position in shares of Lennar Corporation (NYSE:LEN) by 55.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,014 shares of the construction company’s stock after selling 49,704 shares during the quarter. Schroder Investment Management Group’s holdings in Lennar were worth $4,426,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. FNY Investment Advisers LLC purchased a new stake in shares of Lennar during the second quarter worth $33,000. Disciplina Capital Management LLC boosted its position in Lennar by 179.8% during the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 214 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Lennar during the 2nd quarter valued at about $43,000. SBI Securities Co. Ltd. raised its holdings in Lennar by 190.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 573 shares of the construction company’s stock valued at $63,000 after acquiring an additional 376 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Lennar in the 1st quarter worth approximately $66,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 2.2%

NYSE LEN opened at $124.01 on Friday. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $169.00. The stock has a market capitalization of $31.63 billion, a P/E ratio of 12.25, a PEG ratio of 5.37 and a beta of 1.38. The firm’s 50-day moving average is $124.39 and its two-hundred day moving average is $120.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.14). 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%. Lennar’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $3.90 earnings per share. On average, sell-side analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, October 10th. Lennar’s dividend payout ratio is 19.76%.

Analysts Set New Price Targets

LEN has been the subject of a number of analyst reports. Raymond James Financial lowered Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. Wall Street Zen raised Lennar from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. JMP Securities raised their target price on Lennar from $130.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Monday, September 22nd. UBS Group boosted their price target on shares of Lennar from $146.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.54.

Lennar Company 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.