ANTIPODES PARTNERS Ltd Takes Position in Lennar Corporation (NYSE:LEN)

ANTIPODES PARTNERS Ltd acquired a new position in shares of Lennar Corporation (NYSE:LEN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 364,040 shares of the construction company's stock, valued at approximately $41,788,000. Lennar makes up approximately 1.3% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 25th biggest position. ANTIPODES PARTNERS Ltd owned approximately 0.14% of Lennar as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. Valeo Financial Advisors LLC increased its holdings in shares of Lennar by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company's stock valued at $1,015,000 after acquiring an additional 95 shares during the period. Unison Advisors LLC increased its holdings in shares of Lennar by 0.3% in the 4th quarter. Unison Advisors LLC now owns 37,040 shares of the construction company's stock valued at $5,051,000 after acquiring an additional 100 shares during the period. Mather Group LLC. increased its holdings in shares of Lennar by 8.4% in the 1st quarter. Mather Group LLC. now owns 1,517 shares of the construction company's stock valued at $174,000 after acquiring an additional 117 shares during the period. Omnia Family Wealth LLC increased its holdings in shares of Lennar by 1.9% in the 1st quarter. Omnia Family Wealth LLC now owns 6,417 shares of the construction company's stock valued at $737,000 after acquiring an additional 119 shares during the period. Finally, Legacy Advisors LLC increased its holdings in shares of Lennar by 4.8% in the 1st quarter. Legacy Advisors LLC now owns 2,628 shares of the construction company's stock valued at $302,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research report on Friday, June 20th. JMP Securities lowered their price objective on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, June 20th. Bank of America lowered their price objective on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Finally, Evercore ISI lowered their price objective on shares of Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lennar has an average rating of "Hold" and a consensus target price of $128.85.

Lennar Price Performance

Shares of NYSE:LEN traded up $1.85 during midday trading on Friday, hitting $115.36. 2,553,455 shares of the stock were exchanged, compared to its average volume of 3,223,929. The stock has a market cap of $29.88 billion, a P/E ratio of 9.54, a PEG ratio of 4.82 and a beta of 1.33. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $193.80. The company has a 50 day moving average price of $109.90 and a 200-day moving average price of $115.76.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same period last year, the firm earned $3.45 EPS. The company's quarterly revenue was down 4.4% compared to the same quarter last year. On average, research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, July 3rd. Lennar's payout ratio is 16.54%.

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.