Warther Private Wealth LLC Invests $13.37 Million in Lennar Corporation (NYSE:LEN)

Warther Private Wealth LLC bought a new stake in Lennar Corporation (NYSE:LEN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 116,459 shares of the construction company's stock, valued at approximately $13,367,000. Lennar comprises about 4.4% of Warther Private Wealth LLC's holdings, making the stock its 11th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Hurley Capital LLC acquired a new position in shares of Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Lennar during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new stake in Lennar in the fourth quarter valued at approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Lennar in the first quarter valued at approximately $30,000. Finally, NBC Securities Inc. acquired a new position in shares of Lennar during the 1st quarter worth approximately $33,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Trading Down 1.2%

Shares of LEN stock traded down $1.24 during trading hours on Thursday, hitting $103.37. The company had a trading volume of 4,839,643 shares, compared to its average volume of 2,663,494. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.68. The stock has a market capitalization of $27.27 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 2.85 and a beta of 1.33. The company's fifty day moving average is $107.79 and its 200 day moving average is $122.57. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $8.21 billion. During the same period in the previous year, the company posted $3.45 EPS. Lennar's revenue was down 4.4% on a year-over-year basis. Research analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is 16.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Wall Street Zen raised Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Royal Bank Of Canada lowered their price target on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $130.00 target price on shares of Lennar in a report on Wednesday. Finally, UBS Group lowered their price target on shares of Lennar from $164.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday. Sixteen analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $141.60.

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.