53,003 Shares in Lennar Corporation $LEN Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in Lennar Corporation (NYSE:LEN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,003 shares of the construction company’s stock, valued at approximately $5,449,000.

Several other large investors also recently added to or reduced their stakes in LEN. Guerra Advisors Inc bought a new stake in shares of Lennar in the 3rd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Lennar during the 3rd quarter worth approximately $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar during the 3rd quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new position in Lennar during the 4th quarter valued at approximately $31,000. Finally, Washington Trust Advisors Inc. increased its stake in Lennar by 102.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after purchasing an additional 188 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Trading Down 3.5%

Shares of LEN stock opened at $82.28 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The firm has a market cap of $20.32 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.41. The company has a 50-day moving average of $91.05 and a two-hundred day moving average of $107.85. Lennar Corporation has a 1-year low of $82.06 and a 1-year high of $144.24.

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 the consensus estimate of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the business earned $2.14 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, analysts predict that Lennar Corporation will post 5.87 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Lennar’s dividend payout ratio (DPR) is presently 28.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Barclays lowered their price target on shares of Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. UBS Group reduced their price objective on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. The Goldman Sachs Group reduced their price objective on shares of Lennar from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Finally, Weiss Ratings cut shares of Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lennar currently has a consensus rating of “Reduce” and an average target price of $99.87.

Lennar Profile

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.