Lennar Corporation $LEN Shares Sold by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. reduced its stake in Lennar Corporation by 12.3% during the second quarter, owning 17,164 shares after selling 2,404 shares.
• Several other investors increased their stakes in Lennar, with Disciplina Capital Management LLC boosting its investment by 179.8%.
• Analysts have mixed views on Lennar, with UBS raising their price target to $161.00, while Zacks downgraded the stock to a "strong sell" rating.

Foster & Motley Inc. decreased its position in Lennar Corporation (NYSE:LEN - Free Report) by 12.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,164 shares of the construction company's stock after selling 2,404 shares during the period. Foster & Motley Inc.'s holdings in Lennar were worth $1,898,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Disciplina Capital Management LLC boosted its stake in shares of Lennar by 179.8% during the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company's stock valued at $38,000 after acquiring an additional 214 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Lennar by 139.9% during the first 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 last quarter. Wayfinding Financial LLC acquired a new stake in shares of Lennar during the first quarter valued at $44,000. Valley National Advisers Inc. boosted its stake in shares of Lennar by 34.7% during the first quarter. Valley National Advisers Inc. now owns 466 shares of the construction company's stock valued at $53,000 after acquiring an additional 120 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in shares of Lennar during the first quarter valued at $66,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LEN shares. UBS Group increased their price objective on Lennar from $146.00 to $161.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Bank of America reduced their target price on Lennar from $133.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, October 10th. Zacks Research downgraded Lennar from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 7th. JMP Securities increased their target price on Lennar from $130.00 to $140.00 and gave the stock a "market outperform" rating in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group increased their target price on Lennar from $122.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lennar presently has a consensus rating of "Hold" and a consensus price target of $121.75.

Lennar Stock Performance

Lennar stock opened at $125.78 on Friday. The stock's 50-day moving average is $129.60 and its 200-day moving average is $116.71. The company has a market cap of $32.08 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 5.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $189.65.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.15. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $3.90 EPS. Equities analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, October 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 10th. Lennar's dividend payout ratio (DPR) is 19.76%.

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.

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