Capula Management Ltd Makes New Investment in Lennar Corporation $LEN

Capula Management Ltd purchased a new stake in Lennar Corporation (NYSE:LEN) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,050 shares of the construction company’s stock, valued at approximately $2,349,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Viking Global Investors LP lifted its stake in Lennar by 86.7% in the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock worth $279,135,000 after acquiring an additional 1,172,068 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Lennar by 12.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,127,225 shares of the construction company’s stock valued at $218,681,000 after purchasing an additional 228,247 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Lennar by 90.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,963,373 shares of the construction company’s stock valued at $201,835,000 after purchasing an additional 934,856 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Lennar during the 4th quarter worth $95,941,000. Finally, Swiss National Bank grew its stake in shares of Lennar by 4.8% during the first quarter. Swiss National Bank now owns 601,468 shares of the construction company’s stock worth $52,231,000 after purchasing an additional 27,500 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of LEN opened at $82.25 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.91 and a quick ratio of 0.91. Lennar Corporation has a 1-year low of $79.82 and a 1-year high of $144.24. The stock has a market cap of $19.81 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.73 and a beta of 1.38. The firm has a fifty day moving average price of $87.96 and a 200 day moving average price of $97.22.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the company posted $1.81 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lennar Corporation will post 5.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.00 annualized dividend and a yield of 2.4%. Lennar’s payout ratio is 31.30%.

Analysts Set New Price Targets

A number of analysts have weighed in on LEN shares. Royal Bank Of Canada cut their price target on Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a research note on Monday, June 15th. Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Evercore raised their target price on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research report on Monday, June 15th. UBS Group decreased their target price on Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Finally, Citigroup lowered their price target on Lennar from $104.00 to $88.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat, Lennar currently has a consensus rating of “Reduce” and a consensus target price of $92.80.

Lennar 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.