Aster Capital Management DIFC Ltd Has $1.11 Million Stake in Lennar Corporation $LEN

Aster Capital Management DIFC Ltd boosted its stake in Lennar Corporation (NYSE:LEN) by 4,101.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,799 shares of the construction company’s stock after buying an additional 10,542 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Lennar were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Lennar in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Lennar in the third quarter valued at $25,000. High Point Wealth Management LLC acquired a new stake in Lennar in the fourth quarter valued at $31,000. Washington Trust Advisors Inc. increased its holdings in Lennar by 102.7% in the third 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 during the period. Finally, Quarry LP acquired a new stake in Lennar in the fourth quarter valued at $41,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of Lennar stock opened at $89.73 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $89.44 and a two-hundred day moving average price of $102.93. Lennar Corporation has a 1-year low of $81.18 and a 1-year high of $144.24. The company has a market cap of $22.16 billion, a P/E ratio of 14.04, a PEG ratio of 2.83 and a beta of 1.39.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.81 EPS. As a group, analysts anticipate that Lennar Corporation will post 5.85 EPS for the current year.

Lennar Announces Dividend

The company also recently announced 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 was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Lennar’s dividend payout ratio (DPR) is currently 31.30%.

Analyst Ratings Changes

LEN has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on Lennar from $88.00 to $85.00 and set an “underperform” rating for the company in a report on Monday. Bank of America decreased their price target on Lennar from $84.00 to $77.00 and set an “underperform” rating for the company in a report on Thursday, June 11th. BTIG Research set a $67.00 price target on Lennar in a report on Monday. BofA decreased their price target on Lennar from $88.00 to $84.00 and set an “underperform” rating for the company in a report on Friday. Finally, Citigroup decreased their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $95.38.

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.