First Hawaiian Bank Has $426,000 Stock Holdings in Lennar Co. (NYSE:LEN)

First Hawaiian Bank boosted its position in shares of Lennar Co. (NYSE:LEN) by 63.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,843 shares of the construction company’s stock after purchasing an additional 1,101 shares during the quarter. First Hawaiian Bank’s holdings in Lennar were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LEN. Benjamin Edwards Inc. increased its position in Lennar by 7.2% during the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock worth $153,000 after purchasing an additional 69 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Lennar by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock worth $663,000 after purchasing an additional 70 shares in the last quarter. Nilsine Partners LLC boosted its stake in shares of Lennar by 1.7% during the first quarter. Nilsine Partners LLC now owns 4,554 shares of the construction company’s stock valued at $783,000 after purchasing an additional 75 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Lennar by 0.9% during the fourth quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 78 shares during the last quarter. Finally, RFG Advisory LLC raised its holdings in Lennar by 2.1% in the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after buying an additional 79 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE LEN traded up $3.63 during trading hours on Tuesday, reaching $174.02. 944,844 shares of the stock traded hands, compared to its average volume of 2,156,557. The stock has a 50 day simple moving average of $158.20 and a two-hundred day simple moving average of $157.94. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $182.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The company has a market cap of $47.79 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60.

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

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is currently 13.60%.

Insider Transactions at Lennar

In other news, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the sale, the vice president now directly owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Mark Sustana sold 9,176 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of Lennar stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total value of $1,701,100.00. Following the sale, the insider now owns 118,629 shares in the company, valued at $20,179,979.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,176 shares of company stock worth $4,841,039. 9.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BTIG Research dropped their target price on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. Royal Bank of Canada reissued an “underperform” rating and set a $145.00 price objective on shares of Lennar in a report on Thursday, June 20th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $183.00 price target on shares of Lennar in a research report on Tuesday, June 18th. Wells Fargo & Company lifted their target price on shares of Lennar from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Monday. 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.