Twin Capital Management Inc. Acquires 938 Shares of Lennar Corporation $LEN

Twin Capital Management Inc. increased its stake in Lennar Corporation (NYSE:LEN) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,261 shares of the construction company’s stock after acquiring an additional 938 shares during the quarter. Twin Capital Management Inc.’s holdings in Lennar were worth $2,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FNY Investment Advisers LLC bought a new stake in Lennar in the second quarter valued at $33,000. Disciplina Capital Management LLC increased 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 buying an additional 214 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in Lennar during the 2nd quarter worth approximately $43,000. Zions Bancorporation National Association UT bought a new position in Lennar in the first quarter worth approximately $66,000. Finally, Transamerica Financial Advisors LLC grew its stake in Lennar by 103.7% in the first 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 during the period. 81.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LEN. Bank of America cut their target price on Lennar from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Citigroup reaffirmed an “outperform” rating on shares of Lennar in a research note on Monday, September 22nd. Wells Fargo & Company decreased their target price on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Lennar from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Lennar has a consensus rating of “Hold” and an average target price of $121.75.

Lennar Stock Down 0.4%

LEN opened at $121.18 on Thursday. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $180.12. The firm has a market capitalization of $30.90 billion, a P/E ratio of 11.97, a PEG ratio of 5.78 and a beta of 1.37. The company’s 50-day moving average is $128.15 and its 200 day moving average is $118.54. 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 posted its quarterly earnings data 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 firm 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. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, October 10th. Lennar’s dividend payout ratio is 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.