Lennar Corporation $LEN is Brave Warrior Advisors LLC's 6th Largest Position

Key Points

• Brave Warrior Advisors LLC increased its stake in Lennar Corporation by 23.4% during the first quarter, holding 2,189,608 shares valued at approximately $251.32 million.
• Lennar recently reported $1.90 earnings per share for the last quarter, missing analyst estimates by $0.04, and generated revenue of $8.38 billion, down 4.4% from the previous year.
• The company announced a quarterly dividend of $0.50 per share, translating to a 1.5% yield, with a payout ratio of 16.54%.

Brave Warrior Advisors LLC raised its stake in Lennar Corporation (NYSE:LEN - Free Report) by 23.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,189,608 shares of the construction company's stock after buying an additional 415,218 shares during the period. Lennar makes up approximately 5.8% of Brave Warrior Advisors LLC's holdings, making the stock its 6th largest holding. Brave Warrior Advisors LLC owned about 0.83% of Lennar worth $251,323,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Lennar by 1.2% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company's stock valued at $886,000 after purchasing an additional 89 shares during the last quarter. NorthRock Partners LLC grew its position in shares of Lennar by 1.4% in the first quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company's stock valued at $747,000 after purchasing an additional 93 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Lennar by 1.1% in the first quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company's stock valued at $1,015,000 after purchasing an additional 95 shares during the last quarter. Mather Group LLC. grew its position in shares of Lennar by 8.4% in the first quarter. Mather Group LLC. now owns 1,517 shares of the construction company's stock valued at $174,000 after purchasing an additional 117 shares during the last quarter. Finally, Omnia Family Wealth LLC grew its position in shares of Lennar by 1.9% in the first quarter. Omnia Family Wealth LLC now owns 6,417 shares of the construction company's stock valued at $737,000 after purchasing an additional 119 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on LEN shares. Royal Bank Of Canada lowered their price target on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. Wedbush reiterated a "neutral" rating and issued a $130.00 price target on shares of Lennar in a report on Wednesday, June 18th. Zelman & Associates lowered shares of Lennar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 18th. Keefe, Bruyette & Woods reduced their target price on shares of Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a report on Friday, June 20th. Finally, Evercore ISI decreased their target price on shares of Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of "Hold" and an average price target of $130.77.

Lennar Price Performance

Shares of NYSE:LEN traded up $4.14 during trading on Thursday, reaching $138.22. The company had a trading volume of 2,970,356 shares, compared to its average volume of 3,160,949. The firm's fifty day moving average is $120.81 and its 200 day moving average is $114.88. The firm has a market capitalization of $35.80 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 5.65 and a beta of 1.33. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $193.80. 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 issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share 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 company's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.45 earnings per share. On average, equities analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors 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 yield of 1.4%. Lennar's dividend payout ratio is currently 16.54%.

Lennar Company 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.