Lennar Corporation $LEN Holdings Lifted by Bogart Wealth LLC

Bogart Wealth LLC grew its position in Lennar Corporation (NYSE:LEN) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,698 shares of the construction company’s stock after purchasing an additional 2,400 shares during the period. Bogart Wealth LLC’s holdings in Lennar were worth $6,493,000 as of its most recent SEC filing.

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

Lennar Stock Up 2.4%

LEN stock opened at $125.78 on Monday. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $189.65. The firm has a market cap of $32.08 billion, a PE ratio of 12.43, a P/E/G ratio of 5.85 and a beta of 1.37. The firm has a 50 day simple moving average of $129.60 and a 200 day simple moving average of $116.77. 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 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. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period in the prior year, the business earned $3.90 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 10th. Lennar’s dividend payout ratio is 19.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LEN shares. Raymond James Financial cut shares of Lennar from a “market perform” rating to an “underperform” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lennar in a report on Wednesday, October 8th. Zacks Research cut shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Citigroup reiterated an “outperform” rating on shares of Lennar in a report on Monday, September 22nd. Finally, Bank of America decreased their price objective on shares of Lennar from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.75.

About Lennar

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.