9,084 Shares in Lennar Corporation $LEN Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Lennar Corporation, purchasing 9,084 shares for approximately $964,000.
• Lennar recently reported earnings per share (EPS) of $1.90 for the quarter, which was below the consensus estimate of $1.94, and the company posted revenue of $8.38 billion.
• The firm's quarterly dividend was announced at $0.50 per share, representing a yield of 1.5%, with a low payout ratio of 16.54%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Lennar Corporation (NYSE:LEN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,084 shares of the construction company's stock, valued at approximately $964,000.

A number of other institutional investors also recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new position in Lennar in the fourth quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Lennar in the first quarter valued at about $30,000. NBC Securities Inc. acquired a new stake in shares of Lennar in the first quarter valued at about $33,000. Franchise Capital Ltd purchased a new position in Lennar in the first quarter valued at about $38,000. Finally, Disciplina Capital Management LLC boosted its holdings in Lennar by 179.8% in the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company's stock valued at $38,000 after purchasing an additional 214 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on LEN. Evercore ISI reduced their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a report on Wednesday, June 18th. UBS Group dropped their price target on Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Wedbush reiterated a "neutral" rating and set a $130.00 price target on shares of Lennar in a research report on Wednesday, June 18th. Zacks Research upgraded Lennar from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Finally, JMP Securities lowered their target price on Lennar from $150.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Lennar has an average rating of "Hold" and a consensus target price of $130.77.

Lennar Price Performance

Shares of LEN stock traded up $0.20 during mid-day trading on Tuesday, hitting $133.97. 4,005,573 shares of the stock traded hands, compared to its average volume of 2,932,259. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $193.80. The firm has a market cap of $34.70 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 5.68 and a beta of 1.33. The company's 50-day simple moving average is $125.03 and its 200-day simple moving average is $115.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65.

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

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. Lennar's dividend payout ratio (DPR) is currently 16.54%.

About Lennar

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.