Quantbot Technologies LP Has $2.54 Million Stock Holdings in Lennar Corporation $LEN

Key Points

• Quantbot Technologies LP has reduced its stake in Lennar Corporation by 9.7%, selling 2,376 shares and leaving them with 22,122 shares valued at approximately $2.54 million.
• Several institutional investors have increased their holdings in Lennar, with notable increases including a 112.5% rise from Man Group plc and a 67.3% increase from D1 Capital Partners L.P.
• Lennar reported a miss on earnings per share (EPS) for the last quarter, posting $1.90, which was below the consensus estimate of $1.94, while its revenue declined by 4.4% year-over-year.

Quantbot Technologies LP lessened its position in shares of Lennar Corporation (NYSE:LEN - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,122 shares of the construction company's stock after selling 2,376 shares during the period. Quantbot Technologies LP's holdings in Lennar were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEN. Brighton Jones LLC lifted its holdings in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company's stock worth $236,000 after acquiring an additional 377 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Lennar by 2.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 9,998 shares of the construction company's stock worth $1,363,000 after acquiring an additional 227 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Lennar by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 351,926 shares of the construction company's stock valued at $47,993,000 after purchasing an additional 1,986 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Lennar by 7.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,709 shares of the construction company's stock valued at $370,000 after purchasing an additional 196 shares during the last quarter. Finally, D1 Capital Partners L.P. lifted its stake in Lennar by 67.3% in the 4th quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock valued at $88,116,000 after purchasing an additional 270,433 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Trading Down 0.5%

NYSE LEN traded down $0.6760 during mid-day trading on Monday, reaching $135.0740. 1,696,816 shares of the stock were exchanged, compared to its average volume of 3,173,134. Lennar Corporation has a one year low of $98.42 and a one year high of $193.80. The stock has a 50 day simple moving average of $116.07 and a 200-day simple moving average of $114.08. The stock has a market cap of $34.99 billion, a P/E ratio of 11.17, a P/E/G ratio of 5.76 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.

Lennar (NYSE:LEN - Get Free Report) last announced its 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). Lennar had a return on equity of 12.73% and a net margin of 9.20%.The firm had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same period in the prior year, the business earned $3.45 EPS. Lennar's quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is currently 16.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America dropped their price objective on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Barclays dropped their price target on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Wall Street Zen downgraded shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. UBS Group dropped their price target on shares of Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Finally, Zelman & Associates downgraded shares of Lennar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 18th. One 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. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and an average price target of $128.85.

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.