Lennar Co. (NYSE:LEN) Shares Bought by Kwmg LLC

Kwmg LLC raised its stake in shares of Lennar Co. (NYSE:LEN) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,812 shares of the construction company’s stock after acquiring an additional 152 shares during the period. Kwmg LLC’s holdings in Lennar were worth $4,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LEN. Moors & Cabot Inc. boosted its holdings in shares of Lennar by 2.2% in the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after acquiring an additional 66 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after buying an additional 71 shares in the last quarter. Commerce Bank boosted its stake in shares of Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after buying an additional 74 shares in the last quarter. Jupiter Wealth Management LLC grew its holdings in Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after acquiring an additional 75 shares during the period. Finally, Catalyst Financial Partners LLC boosted its position in shares of Lennar by 5.4% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock worth $283,000 after purchasing an additional 77 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on LEN shares. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Barclays reduced their price objective on Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Evercore ISI lowered their price target 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $171.50.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.36% of the stock is owned by company insiders.

Lennar Stock Up 1.5 %

Lennar stock traded up $1.91 during trading on Monday, reaching $131.47. 2,905,012 shares of the company’s stock were exchanged, compared to its average volume of 2,644,859. Lennar Co. has a 52-week low of $128.41 and a 52-week high of $193.80. The company’s 50-day moving average is $156.42 and its two-hundred day moving average is $167.80. 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 firm has a market cap of $35.66 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 earnings per share. On average, analysts predict that Lennar Co. will post 14.11 earnings per share for the current year.

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.