Fiduciary Alliance LLC Increases Holdings in Lennar Corporation $LEN

Key Points

• Fiduciary Alliance LLC increased its stake in Lennar Corporation by 26.4% during Q2, bringing the value of its holdings to approximately $1.80 million.
• Lennar recently reported quarterly earnings of $1.90 EPS, missing analysts' expectations, while revenues were $8.38 billion, exceeding estimates.
• The company's latest quarterly dividend of $0.50 per share, representing a 1.5% dividend yield, was announced in July, with a payout ratio of 16.54%.

Fiduciary Alliance LLC grew its holdings in shares of Lennar Corporation (NYSE:LEN - Free Report) by 26.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,309 shares of the construction company's stock after buying an additional 3,410 shares during the quarter. Fiduciary Alliance LLC's holdings in Lennar were worth $1,804,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Lennar by 1.2% during the 1st 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 lifted its holdings in shares of Lennar by 1.4% during the 1st 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 lifted its holdings in shares of Lennar by 1.1% during the 1st 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. EP Wealth Advisors LLC raised its stake in Lennar by 2.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company's stock worth $549,000 after acquiring an additional 107 shares during the last quarter. Finally, Mather Group LLC. raised its stake in Lennar by 8.4% in the 1st quarter. Mather Group LLC. now owns 1,517 shares of the construction company's stock worth $174,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Price Performance

Shares of Lennar stock traded down $5.70 on Friday, hitting $127.17. The company's stock had a trading volume of 17,036,662 shares, compared to its average volume of 3,214,957. 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 Corporation has a 1 year low of $98.42 and a 1 year high of $189.65. The firm has a fifty day moving average price of $125.97 and a 200-day moving average price of $116.03. The company has a market capitalization of $32.94 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 5.64 and a beta of 1.33.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.15. Lennar had a return on equity of 10.89% and a net margin of 7.72%.The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the previous year, the business earned $3.90 EPS. Lennar's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LEN shares. Wells Fargo & Company raised their target price on Lennar from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 2nd. Keefe, Bruyette & Woods reduced their target price on Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a research note on Friday, June 20th. Zacks Research upgraded Lennar from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Bank of America raised their target price on Lennar from $115.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, UBS Group reduced their target price on Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus target price of $128.33.

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.