Waverton Investment Management Ltd Invests $1.05 Million in Lennar Corporation $LEN

Waverton Investment Management Ltd purchased a new stake in Lennar Corporation (NYSE:LEN) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,500 shares of the construction company’s stock, valued at approximately $1,051,000.

Other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Lennar in the 2nd quarter valued at about $33,000. Disciplina Capital Management LLC lifted 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 acquiring an additional 214 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in Lennar in the 2nd quarter valued at about $43,000. Zions Bancorporation National Association UT bought a new position in Lennar in the 1st quarter valued at about $66,000. Finally, Transamerica Financial Advisors LLC lifted its position in Lennar by 103.7% in the 1st quarter. Transamerica Financial Advisors LLC now owns 613 shares of the construction company’s stock valued at $71,000 after acquiring an additional 312 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 0.4%

Shares of LEN stock opened at $121.18 on Thursday. The company has a 50 day moving average of $128.15 and a 200-day moving average of $118.54. 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 12-month low of $98.42 and a 12-month high of $180.12. The firm has a market cap of $30.90 billion, a P/E ratio of 11.97, a PEG ratio of 5.78 and a beta of 1.37.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the business posted $3.90 EPS. Lennar’s quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate 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 was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. Lennar’s dividend payout ratio (DPR) is presently 19.76%.

Analyst Upgrades and Downgrades

LEN has been the topic of several recent research reports. 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 report on Tuesday, October 7th. Zacks Research cut shares of Lennar from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada lifted their target price on shares of Lennar from $98.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Monday, September 22nd. Wells Fargo & Company dropped 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 report on Friday, October 10th. Finally, Wedbush reissued a “neutral” rating and set a $130.00 target price on shares of Lennar in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently 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.