26,115 Lennar Corporation $LEN Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its stake in shares of Lennar Corporation (NYSE:LEN) by 269.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 35,803 shares of the construction company’s stock after purchasing an additional 26,115 shares during the period. Fulcrum Asset Management LLP’s holdings in Lennar were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LEN. Polaris Financial Partners acquired a new position in shares of Lennar in the 3rd quarter valued at about $27,000. Phillip James Consulting Co. purchased a new stake in shares of Lennar in the first quarter worth about $30,000. Quest 10 Wealth Builders Inc. grew its holdings in Lennar by 100.0% during the third quarter. Quest 10 Wealth Builders Inc. now owns 368 shares of the construction company’s stock worth $30,000 after acquiring an additional 184 shares during the period. Global Assets Advisory LLC acquired a new stake in Lennar during the first quarter worth about $39,000. Finally, GK Wealth Management LLC acquired a new stake in Lennar during the third quarter worth about $42,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LEN. Bank of America decreased their price target on Lennar from $77.00 to $70.00 and set an “underperform” rating for the company in a report on Monday, September 14th. Citigroup dropped their price objective on shares of Lennar from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Truist Financial cut their target price on shares of Lennar from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Morgan Stanley decreased their target price on shares of Lennar from $65.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday, November 3rd. Finally, Barclays lowered their price target on shares of Lennar from $79.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average price target of $78.87.

Lennar Price Performance

NYSE:LEN opened at $91.69 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 4.94 and a debt-to-equity ratio of 0.20. Lennar Corporation has a 52 week low of $71.78 and a 52 week high of $133.76. The stock’s 50-day moving average price is $81.48 and its 200-day moving average price is $90.71. The stock has a market capitalization of $21.81 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 3.48 and a beta of 1.36.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The business had revenue of $8.05 billion during the quarter, compared to analyst estimates of $8.32 billion. Lennar had a return on equity of 6.15% and a net margin of 4.09%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. As a group, equities analysts expect that Lennar Corporation will post 4.86 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were given a $0.50 dividend. The ex-dividend date was Wednesday, October 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Lennar’s payout ratio is 37.81%.

Insider Activity at Lennar

In other Lennar news, major shareholder Berkshire Hathaway Inc bought 1,708,095 shares of Lennar stock in a transaction dated Friday, October 2nd. The stock was acquired at an average cost of $79.44 per share, with a total value of $135,691,066.80. Following the purchase, the insider directly owned 28,438,045 shares in the company, valued at $2,259,118,294.80. This represents a 6.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 7,502,276 shares of company stock valued at $595,303,287 in the last three months. 10.05% of the stock is owned by insiders.

Lennar Profile