Delphi Management Inc. MA Has $1.61 Million Stake in Lennar Co. (NYSE:LEN)

Delphi Management Inc. MA raised its stake in shares of Lennar Co. (NYSE:LEN) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,726 shares of the construction company’s stock after buying an additional 352 shares during the period. Delphi Management Inc. MA’s holdings in Lennar were worth $1,608,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. 3Chopt Investment Partners LLC acquired a new stake in shares of Lennar during the 2nd quarter valued at $904,000. Kimelman & Baird LLC acquired a new stake in shares of Lennar during the 2nd quarter valued at $124,000. Gateway Wealth Partners LLC boosted its stake in shares of Lennar by 6.1% during the 2nd quarter. Gateway Wealth Partners LLC now owns 2,246 shares of the construction company’s stock valued at $337,000 after buying an additional 129 shares during the period. Maplelane Capital LLC boosted its stake in shares of Lennar by 43.6% during the 2nd quarter. Maplelane Capital LLC now owns 290,000 shares of the construction company’s stock valued at $43,462,000 after buying an additional 88,000 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of Lennar during the 2nd quarter valued at $2,659,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Argus lifted their price objective on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Citigroup lifted their price objective on shares of Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Bank Of America (Bofa) lifted their price objective on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $181.94.

Lennar Stock Performance

NYSE:LEN opened at $187.48 on Tuesday. The firm’s 50-day moving average is $178.55 and its 200-day moving average is $164.94. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The company has a market cap of $51.48 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.71 and a beta of 1.61.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.91 earnings per share. Equities research analysts anticipate that Lennar Co. will post 14.13 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Lennar’s payout ratio is currently 13.60%.

Lennar Company 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.