7,058 Shares in Lennar Corporation (NYSE:LEN) Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in Lennar Corporation (NYSE:LEN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,058 shares of the construction company's stock, valued at approximately $810,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEN. The Manufacturers Life Insurance Company boosted its holdings in Lennar by 3.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock worth $834,115,000 after buying an additional 213,003 shares in the last quarter. Wellington Management Group LLP lifted its position in Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock worth $441,769,000 after acquiring an additional 515,378 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Lennar during the 4th quarter valued at $218,533,000. Eminence Capital LP increased its position in shares of Lennar by 43.4% in the 4th quarter. Eminence Capital LP now owns 685,225 shares of the construction company's stock worth $93,444,000 after purchasing an additional 207,343 shares during the last quarter. Finally, D1 Capital Partners L.P. lifted its position in shares of Lennar by 67.3% in the 4th quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock worth $88,116,000 after buying an additional 270,433 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LEN has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Wednesday, June 18th. Wedbush reaffirmed a "neutral" rating and set a $130.00 target price on shares of Lennar in a research report on Wednesday, June 18th. Barclays lowered their price target on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Keefe, Bruyette & Woods lowered 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, Wells Fargo & Company reduced their target price on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $128.85.

Lennar Price Performance

Shares of LEN traded up $1.85 during trading hours on Friday, reaching $115.36. 2,553,455 shares of the company's stock traded hands, compared to its average volume of 3,223,929. The firm's 50 day simple moving average is $109.90 and its 200-day simple moving average is $115.76. The stock has a market cap of $29.88 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 4.82 and a beta of 1.33. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $193.80. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.45 EPS. Equities analysts expect that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.73%. Lennar's payout ratio 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.