Win Advisors Inc. Purchases Shares of 7,564 Lennar Corporation $LEN

Win Advisors Inc. acquired a new position in shares of Lennar Corporation (NYSE:LEN) in the third quarter, Holdings Channel reports. The fund acquired 7,564 shares of the construction company’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LEN. Lazard Asset Management LLC boosted its holdings in Lennar by 7.1% during the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock valued at $141,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Lennar by 6.2% during the 3rd quarter. UMB Bank n.a. now owns 1,595 shares of the construction company’s stock worth $201,000 after buying an additional 93 shares during the period. ORG Wealth Partners LLC boosted its stake in Lennar by 5.2% in the 3rd quarter. ORG Wealth Partners LLC now owns 2,072 shares of the construction company’s stock valued at $261,000 after buying an additional 102 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Lennar by 1.1% in the third quarter. TD Waterhouse Canada Inc. now owns 10,837 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 114 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in Lennar by 39.7% in the third quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock valued at $51,000 after acquiring an additional 115 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LEN shares. UBS Group downgraded shares of Lennar from a “buy” rating to a “neutral” rating and reduced their target price for the company from $137.00 to $122.00 in a research note on Tuesday, January 6th. Argus raised shares of Lennar to a “strong-buy” rating in a research note on Friday, January 16th. Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Barclays decreased their price target on Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a research report on Thursday, December 18th. Finally, Bank of America reiterated an “underperform” rating and issued a $95.00 price objective (down previously from $125.00) on shares of Lennar in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $106.38.

Lennar Stock Performance

LEN stock opened at $109.26 on Monday. The company has a 50 day moving average price of $115.59 and a 200 day moving average price of $121.80. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The stock has a market capitalization of $27.86 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44.

Lennar (NYSE:LEN) last released its earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the business posted $4.03 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, February 4th. Lennar’s dividend payout ratio (DPR) is 25.03%.

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.