BBR Partners LLC Acquires 79 Shares of Lennar Co. (NYSE:LEN)

BBR Partners LLC boosted its stake in shares of Lennar Co. (NYSE:LEN) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,427 shares of the construction company’s stock after purchasing an additional 79 shares during the period. BBR Partners LLC’s holdings in Lennar were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC lifted its position 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 buying an additional 121 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Lennar during the first quarter valued at approximately $30,000. New Covenant Trust Company N.A. bought a new position in shares of Lennar in the first quarter worth approximately $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Lennar in the first quarter worth $35,000. Finally, Fortitude Family Office LLC raised its position 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 period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. BTIG Research decreased their target price on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, June 20th. Wedbush raised Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price target on the stock in a report on Tuesday, July 9th. JMP Securities reaffirmed a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a report on Thursday, June 20th. Finally, The Goldman Sachs Group downgraded shares of Lennar from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $172.06.

Lennar Trading Down 0.3 %

Shares of LEN stock opened at $177.83 on Friday. The company has a market cap of $48.83 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $168.33 and its two-hundred day simple moving average is $161.73. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $186.60.

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

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, July 5th. This represents a $2.00 annualized dividend and a yield of 1.12%. Lennar’s payout ratio is 13.60%.

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.