University of Texas Texas AM Investment Management Co. Has $1.41 Million Stock Holdings in Lennar Co. (NYSE:LEN)

University of Texas Texas AM Investment Management Co. cut its position in Lennar Co. (NYSE:LEN - Free Report) by 50.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,416 shares of the construction company's stock after selling 9,437 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Lennar were worth $1,411,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC increased its stake in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company's stock worth $25,000 after purchasing an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar in the first quarter valued at approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Lennar in the first quarter valued at approximately $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar during the 1st quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Lennar by 223.6% during the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company's stock worth $35,000 after acquiring an additional 161 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of LEN traded down $1.10 during midday trading on Wednesday, hitting $187.20. The company's stock had a trading volume of 1,708,645 shares, compared to its average volume of 2,079,636. Lennar Co. has a one year low of $102.90 and a one year high of $193.80. The company's fifty day simple moving average is $178.86 and its two-hundred day simple moving average is $165.16. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $51.41 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.71 and a beta of 1.61.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter last year, the company posted $3.91 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Lennar Co. will post 14.13 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, October 9th. Lennar's dividend payout ratio (DPR) is 13.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LEN shares. Bank Of America (Bofa) lifted their price objective on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Evercore ISI reduced their target price on shares of Lennar from $240.00 to $236.00 and set an "outperform" rating for the company in a report on Monday, September 23rd. BTIG Research cut their price objective on shares of Lennar from $177.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, June 20th. Wedbush reaffirmed a "neutral" rating and issued a $144.00 target price on shares of Lennar in a research report on Friday, September 20th. Finally, StockNews.com lowered Lennar from a "buy" rating to a "hold" rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $181.94.

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.