3,022 Shares in Lennar Co. (NYSE:LEN) Bought by Sovran Advisors LLC

Sovran Advisors LLC bought a new position in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,022 shares of the construction company’s stock, valued at approximately $409,000.

Several other institutional investors also recently made changes to their positions in the stock. Sapient Capital LLC increased its holdings in Lennar by 1.2% in the fourth quarter. Sapient Capital LLC now owns 108,084 shares of the construction company’s stock valued at $14,739,000 after buying an additional 1,261 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Lennar in the 4th quarter worth approximately $240,000. Stiles Financial Services Inc grew its holdings in shares of Lennar by 11.8% in the 4th quarter. Stiles Financial Services Inc now owns 7,847 shares of the construction company’s stock worth $1,070,000 after acquiring an additional 827 shares during the period. Tevis Investment Management grew its holdings in shares of Lennar by 38.1% in the 4th quarter. Tevis Investment Management now owns 4,914 shares of the construction company’s stock worth $670,000 after acquiring an additional 1,355 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its position in Lennar by 6.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,239 shares of the construction company’s stock worth $442,000 after purchasing an additional 189 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on LEN. JPMorgan Chase & Co. decreased their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group reduced their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $166.06.

Lennar Stock Down 2.7 %

LEN opened at $121.56 on Thursday. The business has a 50-day moving average of $139.34 and a two-hundred day moving average of $163.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 12 month low of $119.25 and a 12 month high of $193.80. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company 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%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.82 EPS. On average, research analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

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.