Roof Eidam Maycock Peralta LLC Has $291,000 Holdings in Lennar Co. (NYSE:LEN)

Roof Eidam Maycock Peralta LLC raised its holdings in Lennar Co. (NYSE:LEN) by 30.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,945 shares of the construction company’s stock after acquiring an additional 455 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Lennar were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rise Advisors LLC boosted its holdings in 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 acquiring an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Lennar in the first quarter valued at $30,000. New Covenant Trust Company N.A. bought a new position in shares of Lennar in the first quarter valued at $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar in the first quarter valued at $35,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Lennar by 223.6% in the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

LEN stock opened at $182.15 on Monday. The firm has a 50 day moving average of $168.92 and a 200-day moving average of $162.08. 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 12 month low of $102.90 and a 12 month high of $186.60. The firm has a market capitalization of $50.02 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. As a group, sell-side analysts predict that Lennar Co. will post 14.16 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Ratings Changes

A number of research firms recently issued reports on LEN. 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 report on Thursday, June 20th. BTIG Research decreased their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, June 20th. Evercore ISI raised their price objective on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Raymond James downgraded shares of Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Finally, Citigroup restated a “neutral” rating and set a $164.00 price objective (down previously from $174.00) on shares of Lennar in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $172.06.

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.