&Partners Takes Position in Lennar Co. (NYSE:LEN)

&Partners bought a new stake in Lennar Co. (NYSE:LEN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,842 shares of the construction company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LEN. Rise Advisors LLC grew its holdings in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Lennar during the 1st quarter valued at approximately $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Lennar during the 1st quarter valued at approximately $32,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar during the 1st quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Lennar by 223.6% during the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 3.5 %

Shares of NYSE LEN opened at $185.02 on Monday. The company has a market capitalization of $50.81 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $185.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The company’s 50 day moving average price is $162.86 and its 200-day moving average price is $160.11.

Lennar (NYSE:LEN) last released its earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion. Equities analysts forecast that Lennar Co. will post 14.16 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.50 per share. The ex-dividend date was Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.08%. Lennar’s payout ratio is presently 13.60%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LEN shares. Wells Fargo & Company lifted their price target on shares of Lennar from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI boosted their target price on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Argus boosted their target price on shares of Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Citigroup reissued a “neutral” rating and set a $164.00 target price (down from $174.00) on shares of Lennar in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Lennar currently has an average rating of “Hold” and an average target price of $169.13.

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.