Deltroit Asset Management UK LLP Purchases Shares of 20,592 Lennar Corporation $LEN

Deltroit Asset Management UK LLP purchased a new position in Lennar Corporation (NYSE:LEN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,592 shares of the construction company’s stock, valued at approximately $2,117,000. Lennar makes up 0.3% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in LEN. Brighton Jones LLC raised its position in Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after purchasing an additional 377 shares in the last quarter. Intech Investment Management LLC raised its position in Lennar by 29.8% in the first quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock worth $1,589,000 after purchasing an additional 3,177 shares in the last quarter. Jump Financial LLC raised its position in Lennar by 15.0% in the second quarter. Jump Financial LLC now owns 25,622 shares of the construction company’s stock worth $2,834,000 after purchasing an additional 3,345 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in Lennar in the second quarter worth about $47,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Lennar by 4.6% during the second quarter. Daiwa Securities Group Inc. now owns 34,958 shares of the construction company’s stock valued at $3,867,000 after acquiring an additional 1,544 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LEN shares. Citigroup cut their price objective on Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Barclays cut their price objective on Lennar from $85.00 to $80.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. Truist Financial cut their price objective on Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Keefe, Bruyette & Woods cut their price objective on Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. Finally, Wells Fargo & Company cut their price objective on Lennar from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $99.87.

Lennar Stock Performance

Shares of NYSE:LEN opened at $90.63 on Friday. Lennar Corporation has a twelve month low of $81.18 and a twelve month high of $144.24. The firm has a market cap of $22.38 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The business has a fifty day moving average of $88.97 and a 200-day moving average of $104.25.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the business posted $2.14 earnings per share. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts predict that Lennar Corporation will post 5.87 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $0.50 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Lennar’s dividend payout ratio (DPR) is 28.74%.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.