Evergreen Capital Management LLC Raises Stock Position in Lennar Co. (NYSE:LEN)

Evergreen Capital Management LLC grew its holdings in Lennar Co. (NYSE:LEN) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,795 shares of the construction company’s stock after acquiring an additional 179 shares during the period. Evergreen Capital Management LLC’s holdings in Lennar were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LEN. Boston Partners boosted its stake in Lennar by 21.5% in the 1st quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after purchasing an additional 4,207 shares during the period. Integrated Advisors Network LLC boosted its position in shares of Lennar by 177.3% during the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after acquiring an additional 19,985 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in Lennar by 331.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after acquiring an additional 9,246 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new stake in Lennar in the 4th quarter valued at $838,000. Finally, Norden Group LLC bought a new position in shares of Lennar during the 1st quarter valued at about $5,592,000. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

LEN has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Bank of America raised their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on shares of Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday. JMP Securities lifted their price objective on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, Barclays upped their target price on shares of Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.94.

Lennar Trading Up 0.7 %

Shares of LEN opened at $183.13 on Friday. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $193.80. The company has a 50-day moving average of $177.67 and a 200 day moving average of $164.42.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the previous year, the business earned $3.91 earnings per share. Lennar’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Lennar Co. will post 14.13 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. Lennar’s dividend payout ratio is currently 13.60%.

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.