Wisconsin Wealth Advisors LLC Increases Stake in Lennar Corporation $LEN

Wisconsin Wealth Advisors LLC increased its stake in shares of Lennar Corporation (NYSE:LEN) by 44.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,524 shares of the construction company’s stock after acquiring an additional 1,385 shares during the period. Wisconsin Wealth Advisors LLC’s holdings in Lennar were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after buying an additional 377 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in Lennar by 2.3% in the 1st quarter. Crestwood Advisors Group LLC now owns 9,923 shares of the construction company’s stock worth $1,139,000 after acquiring an additional 227 shares during the period. HighPoint Advisor Group LLC lifted its stake in shares of Lennar by 15.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 6,725 shares of the construction company’s stock worth $723,000 after purchasing an additional 918 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Lennar by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 142,494 shares of the construction company’s stock worth $16,355,000 after purchasing an additional 500 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Lennar in the first quarter valued at $810,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Lennar from $97.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, September 22nd. Wall Street Zen raised shares of Lennar from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on Lennar from $98.00 to $106.00 and gave the company a “sector perform” rating in a report on Monday, September 22nd. Finally, Evercore ISI reduced their target price on Lennar from $118.00 to $114.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and a consensus price target of $121.75.

Lennar Stock Up 0.5%

LEN opened at $115.71 on Thursday. The stock has a market cap of $29.51 billion, a P/E ratio of 11.50, a P/E/G ratio of 5.78 and a beta of 1.33. The stock’s 50 day moving average price is $124.93 and its 200 day moving average price is $119.40. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $180.12. 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 released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.14). The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.90 earnings per share. As a group, research analysts predict that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, October 10th. Lennar’s payout ratio is presently 19.76%.

About Lennar

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.