Yousif Capital Management LLC Raises Stock Position in Lennar Corporation $LEN

Yousif Capital Management LLC lifted its stake in shares of Lennar Corporation (NYSE:LEN) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,676 shares of the construction company’s stock after buying an additional 300 shares during the quarter. Yousif Capital Management LLC’s holdings in Lennar were worth $3,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Disciplina Capital Management LLC raised its position in Lennar by 179.8% in the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares during the last quarter. Oakworth Capital Inc. raised its position in Lennar by 139.9% in the 1st quarter. Oakworth Capital Inc. now owns 343 shares of the construction company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Lennar in the 1st quarter valued at $44,000. Valley National Advisers Inc. raised its position in Lennar by 34.7% in the 1st quarter. Valley National Advisers Inc. now owns 466 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in Lennar in the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.2%

Shares of Lennar stock opened at $122.74 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. Lennar Corporation has a one year low of $98.42 and a one year high of $189.65. The company has a market cap of $31.30 billion, a P/E ratio of 12.13, a PEG ratio of 5.70 and a beta of 1.37. The firm has a fifty day moving average of $129.50 and a two-hundred day moving average of $116.62.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the prior year, the company posted $3.90 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Lennar’s dividend payout ratio is 19.76%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Lennar from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company reduced their price target on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. UBS Group upped their price objective on shares of Lennar from $146.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $97.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday, September 22nd. Finally, Zacks Research downgraded shares of Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.75.

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.