Xponance Inc. Has $3.81 Million Position in Lennar Corporation $LEN

Xponance Inc. cut its position in Lennar Corporation (NYSE:LEN) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

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

Lennar Stock Up 1.9%

Shares of NYSE LEN opened at $114.15 on Monday. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $28.19 billion, a PE ratio of 14.29, a P/E/G ratio of 1.66 and a beta of 1.43. The company’s fifty day simple moving average is $113.12 and its 200 day simple moving average is $121.72. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $144.24.

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

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 annualized dividend and a yield of 1.8%. Lennar’s dividend payout ratio is presently 25.03%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LEN. Zacks Research cut Lennar from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Barclays lowered their price target on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating for the company in a report on Thursday, December 18th. UBS Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $137.00 to $122.00 in a research note on Tuesday, January 6th. Citizens Jmp reissued a “market perform” rating on shares of Lennar in a research note on Wednesday, January 7th. Finally, Wall Street Zen cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $106.38.

About Lennar

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.