Aware Super Pty Ltd as trustee of Aware Super Has $7 Million Holdings in Lennar Corporation $LEN

Aware Super Pty Ltd as trustee of Aware Super decreased its position in Lennar Corporation (NYSE:LEN) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 63,291 shares of the construction company’s stock after selling 60,382 shares during the period. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Lennar were worth $7,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC raised its position in Lennar by 8.6% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 45,668 shares of the construction company’s stock valued at $5,051,000 after buying an additional 3,627 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Lennar by 2.2% in the second quarter. Allianz Asset Management GmbH now owns 89,420 shares of the construction company’s stock valued at $9,891,000 after purchasing an additional 1,949 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Lennar in the second quarter worth $267,000. Generali Asset Management SPA SGR boosted its holdings in Lennar by 1.5% during the second quarter. Generali Asset Management SPA SGR now owns 15,259 shares of the construction company’s stock worth $1,688,000 after purchasing an additional 222 shares during the last quarter. Finally, JGP Wealth Management LLC increased its stake in Lennar by 1.7% in the 2nd quarter. JGP Wealth Management LLC now owns 74,719 shares of the construction company’s stock valued at $8,265,000 after buying an additional 1,217 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Trading Up 0.2%

Shares of Lennar stock opened at $122.52 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The business has a fifty day simple moving average of $129.44 and a two-hundred day simple moving average of $116.57. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $189.65. The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 5.69 and a beta of 1.37.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.14 by $0.15. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.01 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.90 earnings per share. Research analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 10th. This represents a $2.00 annualized dividend and a yield of 1.6%. Lennar’s dividend payout ratio (DPR) is 19.76%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a report on Wednesday, October 8th. Barclays lowered their price target on Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. JMP Securities increased their price objective on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Zacks Research downgraded shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company cut their price target on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.75.

About Lennar

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.