Clearview Wealth Advisors LLC Invests $346,000 in Lennar Corporation $LEN

Clearview Wealth Advisors LLC bought a new stake in Lennar Corporation (NYSE:LEN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,127 shares of the construction company’s stock, valued at approximately $346,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after buying an additional 377 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Lennar by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company’s stock valued at $23,962,000 after acquiring an additional 4,332 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Lennar by 35.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,695 shares of the construction company’s stock valued at $309,000 after acquiring an additional 710 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Lennar during the first quarter worth about $10,649,000. Finally, Sagespring Wealth Partners LLC raised its holdings in shares of Lennar by 60.2% in the 1st quarter. Sagespring Wealth Partners LLC now owns 2,753 shares of the construction company’s stock worth $316,000 after purchasing an additional 1,034 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LEN. Weiss Ratings reissued a “hold (c)” rating on shares of Lennar in a research report on Wednesday, October 8th. Zelman & Associates lowered shares of Lennar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 18th. Wells Fargo & Company cut their target price on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, October 10th. Raymond James Financial cut shares of Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. Finally, Citigroup reissued an “outperform” rating on shares of Lennar in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus price target of $121.75.

Lennar Price Performance

Shares of NYSE LEN opened at $122.52 on Thursday. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $189.65. The business has a 50 day moving average price of $129.44 and a two-hundred day moving average price of $116.57. The firm has a market cap of $31.24 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 5.69 and a beta of 1.37.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate 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 return on equity of 11.09% and a net margin of 7.72%.The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.90 EPS. Sell-side 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 1.6%. Lennar’s dividend payout ratio (DPR) is presently 19.76%.

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.