YHB Investment Advisors Inc. Makes New Investment in Lennar Corporation (NYSE:LEN)

YHB Investment Advisors Inc. bought a new stake in Lennar Corporation (NYSE:LEN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,829 shares of the construction company's stock, valued at approximately $669,000.

Other hedge funds also recently bought and sold shares of the company. Lake Street Advisors Group LLC lifted its stake in shares of Lennar by 3.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after purchasing an additional 96 shares during the period. Horizon Investments LLC grew its position in shares of Lennar by 2.1% in the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock valued at $629,000 after purchasing an additional 98 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in Lennar by 9.1% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the construction company's stock worth $164,000 after buying an additional 100 shares during the last quarter. Unison Advisors LLC boosted its position in shares of Lennar by 0.3% in the fourth quarter. Unison Advisors LLC now owns 37,040 shares of the construction company's stock worth $5,051,000 after acquiring an additional 100 shares during the last quarter. Finally, Legacy Advisors LLC grew its holdings in Lennar by 4.8% in the first quarter. Legacy Advisors LLC now owns 2,628 shares of the construction company's stock valued at $302,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LEN shares. Wedbush reissued a "neutral" rating and set a $130.00 target price on shares of Lennar in a research report 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. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Bank of America cut their price objective on Lennar from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Finally, Evercore ISI lowered their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lennar currently has a consensus rating of "Hold" and a consensus target price of $132.50.

Lennar Stock Up 0.1%

Shares of NYSE:LEN traded up $0.10 during trading on Thursday, hitting $109.87. 2,334,145 shares of the company's stock traded hands, compared to its average volume of 2,675,292. The company has a 50-day moving average price of $108.15 and a 200-day moving average price of $120.49. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $187.61. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The company has a market cap of $28.98 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 4.49 and a beta of 1.33.

Lennar (NYSE:LEN - Get Free Report) last issued 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). The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 earnings per share. As a group, research analysts forecast that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.82%. Lennar's payout ratio is currently 16.54%.

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.