Rothschild Investment LLC Takes Position in Lennar Co. (NYSE:LEN)

Rothschild Investment LLC bought a new position in Lennar Co. (NYSE:LEN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 851 shares of the construction company’s stock, valued at approximately $128,000.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC lifted its holdings in shares of Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Lennar during the 1st quarter worth $30,000. New Covenant Trust Company N.A. bought a new stake in shares of Lennar in the 1st quarter worth $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar during the first quarter valued at about $35,000. Finally, Fortitude Family Office LLC boosted its holdings in Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 2.0 %

Lennar stock opened at $178.47 on Wednesday. The firm has a 50 day simple moving average of $167.17 and a 200 day simple moving average of $161.49. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $186.60. The firm has a market capitalization of $49.01 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.65 and a beta of 1.60.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.18. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. On average, analysts predict that Lennar Co. will post 14.16 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.50 dividend. The ex-dividend date was Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%. Lennar’s dividend payout ratio (DPR) is currently 13.60%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Wedbush upgraded Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price target on the stock in a report on Tuesday, July 9th. Evercore ISI boosted their price objective on Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Raymond James lowered Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.13.

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.