6,155 Lennar Corporation $LEN Shares Bought by Sepio Capital LP

Sepio Capital LP lifted its position in Lennar Corporation (NYSE:LEN) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,552 shares of the construction company’s stock after buying an additional 6,155 shares during the quarter. Sepio Capital LP’s holdings in Lennar were worth $3,309,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Investment House LLC raised its position in Lennar by 162.2% during the third quarter. Investment House LLC now owns 17,488 shares of the construction company’s stock worth $1,427,000 after acquiring an additional 10,819 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Lennar by 30.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,013 shares of the construction company’s stock valued at $83,000 after acquiring an additional 235 shares during the period. Element Pointe Advisors LLC grew its position in shares of Lennar by 288.5% in the 3rd quarter. Element Pointe Advisors LLC now owns 20,200 shares of the construction company’s stock valued at $1,648,000 after acquiring an additional 15,000 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Lennar by 14.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,024 shares of the construction company’s stock worth $526,000 after purchasing an additional 899 shares during the last quarter. Finally, Rare Wolf Capital LLC acquired a new position in shares of Lennar during the 3rd quarter worth about $298,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar News Roundup

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Mortgage rates eased to approximately 7.32% for a 30-year loan, while long-term Treasury yields declined. Both developments could improve housing affordability and reduce financing pressure on Lennar, supporting a broader homebuilder-sector rebound. Lennar gains as lower rates appear to lift beaten-down homebuilders
• Positive Sentiment: Investor interest was also supported by Lennar’s depressed valuation. A GuruFocus model estimated fair value at $124.32 versus a recent share price near $84.45, although such estimates are model-dependent and not company guidance. A Look at Lennar Corp After 8.7% Gain
• Positive Sentiment: Recent institutional filings showed substantial buying from Berkshire Hathaway and other large investors. The data may reinforce confidence in Lennar’s long-term value, though 13F holdings are reported with a delay and do not necessarily explain short-term trading.
• Neutral Sentiment: Lennar announced new community activity, including the King Oaks grand opening in Georgia, broke ground on a Fort Monmouth redevelopment project in New Jersey, and was identified as the buyer of Boynton Beach Mall. These developments expand its project pipeline but are unlikely to materially affect near-term earnings. Lennar revealed as buyer of Boynton Beach Mall
• Negative Sentiment: Risks remain from weak housing demand. Pending home-sale contracts fell to a record low as mortgage rates recently reached about 7.4%, highlighting continued affordability challenges. Lennar’s latest quarterly results also missed estimates, with lower revenue and earnings year over year and a reduced delivery outlook.
• Negative Sentiment: A securities-law firm said it is investigating Lennar and its management on behalf of investors. The announcement is an attorney solicitation and does not establish wrongdoing, but it adds headline and legal risk. Lennar Corporation Investigation Continues

Insider Activity

In other Lennar news, major shareholder Berkshire Hathaway Inc purchased 1,708,095 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were acquired at an average cost of $79.44 per share, for a total transaction of $135,691,066.80. Following the completion of the purchase, the insider owned 28,438,045 shares of the company’s stock, valued at approximately $2,259,118,294.80. The trade was a 6.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 7,502,276 shares of company stock valued at $595,303,287 over the last three months. Insiders own 10.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp reaffirmed a “hold” rating on shares of Lennar in a report on Thursday, September 17th. Wells Fargo & Company lowered their price target on Lennar from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Bank of America lowered their price target on Lennar from $77.00 to $70.00 and set an “underperform” rating on the stock in a research report on Monday, September 14th. Weiss Ratings lowered Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price objective on Lennar from $85.00 to $69.00 and set an “underperform” rating for the company in a research report on Friday, September 18th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and eleven have issued a Sell rating to the company. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Strong Sell” and an average target price of $79.00.

Lennar Stock Performance

NYSE:LEN opened at $84.47 on Friday. The stock has a market cap of $20.10 billion, a P/E ratio of 15.97, a PEG ratio of 2.92 and a beta of 1.36. The stock has a 50 day simple moving average of $81.20 and a 200 day simple moving average of $85.68. The company has a current ratio of 4.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20. Lennar Corporation has a 1-year low of $71.78 and a 1-year high of $133.76.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). The firm had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $8.32 billion. Lennar had a net margin of 4.09% and a return on equity of 6.15%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 earnings per share. Research analysts anticipate that Lennar Corporation will post 4.88 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, October 7th. Lennar’s payout ratio is presently 37.81%.

Lennar Profile

Lennar Corporation (NYSE:LEN) is a homebuilding and real estate company that develops, constructs, and sells primarily single-family homes. The company offers homes across a range of price points and designs, including residences for first-time, move-up, luxury, and active-adult buyers. Its operations also include land acquisition and development, allowing Lennar to prepare communities and lots for residential construction.

In addition to homebuilding, Lennar develops multifamily rental properties and provides related financial services.