Steward Partners Investment Advisory LLC Has $3.58 Million Stock Holdings in Lennar Corporation $LEN

Key Points

• Steward Partners Investment Advisory LLC significantly increased its stake in Lennar Corporation by 199.9%, accumulating a total of 31,187 shares valued at approximately $3.58 million.
• Recent analysts' reports indicate a mix of ratings for Lennar, with a consensus price target of $128.85 and one analyst rating it as a Strong Buy.
• Lennar's latest quarterly earnings report showed a miss in EPS estimates at $1.90 compared to a consensus of $1.94, alongside a year-over-year revenue decline of 4.4%.

Steward Partners Investment Advisory LLC boosted its holdings in Lennar Corporation (NYSE:LEN - Free Report) by 199.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,187 shares of the construction company's stock after purchasing an additional 20,787 shares during the period. Steward Partners Investment Advisory LLC's holdings in Lennar were worth $3,580,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LEN. Ameriflex Group Inc. bought a new position in Lennar during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Lennar during the 1st quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in shares of Lennar during the 1st quarter worth approximately $33,000. Franchise Capital Ltd acquired a new stake in shares of Lennar during the 1st quarter worth approximately $38,000. Finally, Oakworth Capital Inc. increased its position in Lennar by 139.9% in the 1st quarter. Oakworth Capital Inc. now owns 343 shares of the construction company's stock valued at $39,000 after acquiring an additional 200 shares during the period. Institutional investors own 81.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on LEN shares. Evercore ISI lowered their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a research report on Wednesday, June 18th. Royal Bank Of Canada lowered their target price on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. UBS Group lowered their target price on Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods lowered their price target on 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, Barclays lowered their price target on Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a research report 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 given a Hold rating to the stock. According to MarketBeat, Lennar presently has an average rating of "Hold" and an average target price of $128.85.

Lennar Price Performance

Shares of LEN traded up $6.6960 during trading hours on Friday, hitting $135.8360. 3,924,756 shares of the company were exchanged, compared to its average volume of 2,995,649. The company has a market capitalization of $35.18 billion, a PE ratio of 11.24, a PEG ratio of 5.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $116.07 and a 200-day simple moving average of $114.26. Lennar Corporation has a one year low of $98.42 and a one year high of $193.80.

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, sell-side analysts predict that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

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