Commerzbank Aktiengesellschaft FI Buys 8,559 Shares of Lennar Corporation $LEN

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Lennar Corporation (NYSE:LEN) by 462.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,411 shares of the construction company’s stock after acquiring an additional 8,559 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Lennar were worth $1,070,000 at the end of the most recent reporting period.

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

Lennar Stock Down 3.5%

Shares of Lennar stock opened at $82.28 on Friday. 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 stock has a market capitalization of $20.32 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. Lennar Corporation has a 52-week low of $82.06 and a 52-week high of $144.24. The company has a 50-day simple moving average of $91.05 and a two-hundred day simple moving average of $107.85.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) 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 firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the firm posted $2.14 earnings per share. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. On average, analysts anticipate that Lennar Corporation will post 5.87 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lennar’s payout ratio is presently 28.74%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Lennar from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 1st. Argus dropped their price objective on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Evercore decreased their target price on shares of Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a report on Monday, April 13th. The Goldman Sachs Group decreased their target price on shares of Lennar from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Wells Fargo & Company decreased their target price on shares of Lennar from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $99.87.

Lennar Company 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.