Xponance Inc. Has $3.81 Million Stock Holdings in Lennar Corporation $LEN

Xponance Inc. reduced its holdings in shares of Lennar Corporation (NYSE:LEN) by 26.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,191 shares of the construction company’s stock after selling 11,100 shares during the quarter. Xponance Inc.’s holdings in Lennar were worth $3,805,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Viking Global Investors LP boosted its stake in Lennar by 86.7% during the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after purchasing an additional 1,172,068 shares during the last quarter. Todd Asset Management LLC purchased a new stake in shares of Lennar in the third quarter worth approximately $26,371,000. River Road Asset Management LLC lifted its holdings in shares of Lennar by 86.1% in the second quarter. River Road Asset Management LLC now owns 443,477 shares of the construction company’s stock valued at $49,749,000 after purchasing an additional 205,234 shares in the last quarter. Aviva PLC grew its holdings in Lennar by 1,656.1% during the second quarter. Aviva PLC now owns 155,626 shares of the construction company’s stock worth $17,214,000 after buying an additional 146,764 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in Lennar by 993.0% in the 3rd quarter. Cibc World Market Inc. now owns 129,487 shares of the construction company’s stock valued at $16,321,000 after buying an additional 117,640 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the topic of a number of analyst reports. Royal Bank Of Canada set a $88.00 price objective on shares of Lennar in a report on Friday, January 9th. Wells Fargo & Company cut their price target on shares of Lennar from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price objective on shares of Lennar from $115.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, December 18th. The Goldman Sachs Group reissued a “neutral” rating and set a $125.00 target price on shares of Lennar in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $106.38.

Lennar Stock Up 1.9%

LEN opened at $114.15 on Monday. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $144.24. The company’s 50-day moving average price is $113.12 and its two-hundred day moving average price is $121.72. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.66 and a beta of 1.43. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a return on equity of 9.27% and a net margin of 6.08%.The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the firm posted $4.03 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities analysts expect that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, February 4th. Lennar’s dividend payout ratio is currently 25.03%.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.