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

Delphi Management Inc. MA raised its position in Lennar Co. (NYSE:LEN) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 and hedge funds have also recently added to or reduced their stakes in the company. Lakewood Asset Management LLC boosted its position in Lennar by 0.8% in the second quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock valued at $1,407,000 after buying an additional 70 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Lennar by 1.5% in the second quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after buying an additional 73 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Lennar by 5.7% during the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after purchasing an additional 74 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of Lennar by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after purchasing an additional 74 shares in the last quarter. Finally, BBR Partners LLC lifted its position in shares of Lennar by 3.4% during the second quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock worth $364,000 after purchasing an additional 79 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 0.2 %

Shares of NYSE:LEN opened at $187.48 on Tuesday. 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 capitalization of $51.48 billion, a PE ratio of 12.75, a PEG ratio of 1.71 and a beta of 1.61. The company has a 50 day moving average price of $178.55 and a two-hundred day moving average price of $164.94.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the prior year, the firm earned $3.91 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Lennar Co. will post 14.13 earnings per share for the current year.

Lennar Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Raymond James lowered shares of Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. Evercore ISI reduced their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada upped their target price on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.94.

Lennar 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.