Lennar Co. (NYSE:LEN) Shares Bought by CX Institutional

CX Institutional raised its holdings in shares of Lennar Co. (NYSE:LEN) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,758 shares of the construction company’s stock after acquiring an additional 529 shares during the quarter. CX Institutional’s holdings in Lennar were worth $1,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after purchasing an additional 149,812 shares in the last quarter. Smead Capital Management Inc. grew its position in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after buying an additional 89,896 shares during the last quarter. Verition Fund Management LLC raised its stake in Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after acquiring an additional 41,264 shares in the last quarter. Polianta Ltd acquired a new position in Lennar in the fourth quarter valued at $900,000. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their target price on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price on the stock in a research report on Friday, January 10th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.50.

Lennar Stock Down 1.6 %

Shares of NYSE LEN opened at $132.40 on Friday. The stock has a market capitalization of $35.91 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. Lennar Co. has a 52 week low of $128.41 and a 52 week high of $193.80. The firm has a 50-day moving average price of $150.33 and a 200 day moving average price of $166.96. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced 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 firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $4.82 EPS. Equities research analysts anticipate that Lennar Co. will post 13.02 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. Lennar’s dividend payout ratio is presently 13.95%.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.36% of the stock is currently owned by insiders.

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.