Lennar Corporation $LEN Shares Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Lennar Corporation by 82.4% during the 1st quarter, owning a total of 61,381 shares valued at approximately $7,045,000.
• Lennar reported a net margin of 9.20% and revenue of $8.38 billion for the most recent quarter, slightly exceeding analyst expectations despite a year-over-year decline of 4.4% in revenue.
• The company has declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 1.5% with a payout ratio of 16.54%.

B. Metzler seel. Sohn & Co. AG grew its position in Lennar Corporation (NYSE:LEN - Free Report) by 82.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,381 shares of the construction company's stock after acquiring an additional 27,731 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Lennar were worth $7,045,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in Lennar in the 4th quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new position in Lennar in the 1st quarter worth about $30,000. NBC Securities Inc. purchased a new position in Lennar in the 1st quarter worth about $33,000. Franchise Capital Ltd purchased a new position in Lennar in the 1st quarter worth about $38,000. Finally, Disciplina Capital Management LLC increased its stake in Lennar by 179.8% in the 1st quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company's stock worth $38,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Stock Down 0.7%

Shares of NYSE:LEN traded down $0.87 during trading on Tuesday, reaching $132.27. The stock had a trading volume of 993,609 shares, compared to its average volume of 3,156,293. Lennar Corporation has a one year low of $98.42 and a one year high of $193.80. The company has a market capitalization of $34.26 billion, a P/E ratio of 10.95, a PEG ratio of 5.65 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. The firm's 50-day simple moving average is $119.34 and its 200 day simple moving average is $114.52.

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

Lennar Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays reduced their price target on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Wall Street Zen cut shares of Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Evercore ISI dropped their target price on shares of Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company increased their target price on shares of Lennar from $110.00 to $135.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Royal Bank Of Canada dropped their target price on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $130.77.

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.