Seelaus Asset Management LLC Makes New $258,000 Investment in Lennar Corporation (NYSE:LEN)

Key Points

• Seelaus Asset Management acquired a new stake in Lennar Corporation, purchasing 2,252 shares valued at approximately $258,000 during the first quarter.
• Lennar reported earnings per share (EPS) of $1.90 in its latest quarterly results, missing the consensus estimate, and a revenue of $8.38 billion, down 4.4% from the previous year.
• The company recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 1.7%.

Seelaus Asset Management LLC acquired a new position in shares of Lennar Corporation (NYSE:LEN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,252 shares of the construction company's stock, valued at approximately $258,000.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company's stock valued at $236,000 after purchasing an additional 377 shares during the period. World Investment Advisors lifted its stake in shares of Lennar by 25.0% in the 4th quarter. World Investment Advisors now owns 1,671 shares of the construction company's stock valued at $228,000 after purchasing an additional 334 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Lennar during the 4th quarter valued at approximately $10,250,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Lennar by 138.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 239,058 shares of the construction company's stock worth $32,600,000 after buying an additional 138,975 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in shares of Lennar in the 4th quarter valued at $26,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Down 0.5%

Shares of Lennar stock traded down $0.66 during trading hours on Wednesday, hitting $119.44. The company's stock had a trading volume of 2,507,513 shares, compared to its average volume of 2,994,833. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $111.15 and a 200 day moving average of $114.68. The company has a market capitalization of $30.94 billion, a PE ratio of 9.88, a P/E/G ratio of 5.10 and a beta of 1.29. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the prior year, the business earned $3.45 EPS. Lennar's revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. Lennar's payout ratio is currently 16.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating for the company in a report on Wednesday, June 18th. Zelman & Associates downgraded Lennar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 18th. UBS Group dropped their price target on Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a report on Wednesday, June 18th. JMP Securities dropped their price objective on Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a research note on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $128.85.

Lennar 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.