Atria Investments Inc Purchases 21,159 Shares of Lennar Corporation (NYSE:LEN)

Atria Investments Inc raised its position in shares of Lennar Corporation (NYSE:LEN - Free Report) by 23.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,955 shares of the construction company's stock after buying an additional 21,159 shares during the quarter. Atria Investments Inc's holdings in Lennar were worth $12,850,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Lennar during the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in Lennar during the 4th quarter worth $30,000. Opal Wealth Advisors LLC bought a new position in shares of Lennar in the first quarter worth $30,000. NBC Securities Inc. acquired a new position in shares of Lennar during the first quarter valued at $33,000. Finally, Franchise Capital Ltd acquired a new stake in Lennar in the first quarter worth about $38,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Up 1.6%

NYSE LEN traded up $1.85 during trading on Friday, reaching $115.36. The company's stock had a trading volume of 2,553,455 shares, compared to its average volume of 3,223,929. 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 stock has a market capitalization of $29.88 billion, a PE ratio of 9.54, a PEG ratio of 4.82 and a beta of 1.33. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $193.80. The business 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 posted its earnings results 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 net margin of 9.20% and a return on equity of 12.73%. Lennar's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $3.45 earnings per share. On average, research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were issued 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 yield of 1.73%. Lennar's dividend payout ratio (DPR) is presently 16.54%.

Analyst Ratings Changes

LEN has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Wedbush reiterated a "neutral" rating and set a $130.00 price target on shares of Lennar in a research report on Wednesday, June 18th. 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 note on Friday, June 20th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Bank of America cut their price objective on Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. One 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lennar currently has a consensus rating of "Hold" and a consensus price target of $128.85.

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.