Unison Advisors LLC Has $4.13 Million Holdings in Lennar Corporation $LEN

Unison Advisors LLC increased its position in Lennar Corporation (NYSE:LEN) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 37,343 shares of the construction company’s stock after acquiring an additional 173 shares during the period. Unison Advisors LLC’s holdings in Lennar were worth $4,131,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Disciplina Capital Management LLC boosted its position in shares of Lennar by 179.8% in the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 214 shares during the period. Oakworth Capital Inc. lifted its stake 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 acquiring an additional 200 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in Lennar during the 1st quarter worth about $44,000. Valley National Advisers Inc. grew its stake in Lennar by 34.7% during the 1st 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 acquired a new position in shares of Lennar in the 1st quarter valued at about $66,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Lennar in a report on Monday, September 22nd. JMP Securities boosted their price target on shares of Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Evercore ISI dropped their price target on shares of Lennar from $118.00 to $114.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Finally, Raymond James Financial lowered Lennar from a “market perform” rating to an “underperform” rating in a research report on Monday, September 22nd. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.75.

Lennar Stock Up 2.4%

LEN opened at $125.78 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. The business has a 50 day moving average price of $129.60 and a 200 day moving average price of $116.77. The firm has a market cap of $32.08 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 5.85 and a beta of 1.37. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $189.65.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.01 billion. During the same period last year, the business posted $3.90 EPS. Lennar’s revenue was down 6.4% compared to the same quarter last year. Research 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 Monday, October 27th. Investors of record on Friday, October 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, October 10th. This represents a $2.00 annualized dividend and a yield of 1.6%. Lennar’s dividend payout ratio is presently 19.76%.

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.