4,023 Shares in Lennar Corporation $LEN Acquired by Circle Wealth Management LLC

Key Points

• Circle Wealth Management LLC acquired 4,023 shares of Lennar Corporation, valued at approximately $462,000, which reflects ongoing interest from institutional investors in the company.
• Recent analyst reports show a decrease in price targets for Lennar, with suggestions ranging from a “neutral” rating to “hold” and a consensus price target of $128.85.
• Lennar Corporation reported a quarterly EPS of $1.90, missing estimates, while revenue was $8.38 billion, exceeding expectations despite a year-over-year decline.

Circle Wealth Management LLC acquired a new position in shares of Lennar Corporation (NYSE:LEN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,023 shares of the construction company's stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEN. Ameriflex Group Inc. bought a new stake in Lennar during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new stake in Lennar during the 1st quarter worth approximately $30,000. NBC Securities Inc. bought a new stake in Lennar during the 1st quarter worth approximately $33,000. Franchise Capital Ltd bought a new stake in Lennar during the 1st quarter worth approximately $38,000. Finally, Disciplina Capital Management LLC increased its holdings in Lennar by 179.8% during the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company's stock worth $38,000 after purchasing an additional 214 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America decreased their price objective on Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. JMP Securities reduced their target price on Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a report on Friday, June 20th. Wall Street Zen lowered Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Barclays reduced their target price on Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, Zelman & Associates lowered Lennar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $128.85.

Lennar Price Performance

Lennar stock opened at $135.8360 on Friday. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $193.80. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $116.07 and its 200 day simple moving average is $114.26. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 5.48 and a beta of 1.29.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.21 billion. During the same quarter in the previous year, the company posted $3.45 EPS. Lennar's revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.5%. Lennar's dividend payout ratio is presently 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.

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