Stephens Inc. AR Acquires Shares of 1,214 Lennar Co. (NYSE:LEN)

Stephens Inc. AR acquired a new stake in shares of Lennar Co. (NYSE:LEN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,214 shares of the construction company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its stake in Lennar by 21.5% during the 1st quarter. Boston Partners now owns 23,775 shares of the construction company’s stock valued at $4,089,000 after acquiring an additional 4,207 shares during the last quarter. International Assets Investment Management LLC increased its position in Lennar by 23,048.0% during the 3rd 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 during the period. Fulton Bank N.A. acquired a new position in Lennar during the 2nd quarter worth approximately $477,000. Rockport Wealth LLC acquired a new position in Lennar during the 1st quarter worth approximately $512,000. Finally, Bayesian Capital Management LP acquired a new position in Lennar during the 1st quarter worth approximately $996,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Barclays boosted their target price on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Wedbush restated a “neutral” rating and issued a $144.00 price target on shares of Lennar in a report on Friday, September 20th. Finally, Wells Fargo & Company lowered their price target on Lennar from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $180.56.

Lennar Trading Up 0.7 %

Shares of Lennar stock opened at $172.58 on Friday. Lennar Co. has a fifty-two week low of $118.92 and a fifty-two week high of $193.80. The firm has a market cap of $46.81 billion, a PE ratio of 11.43, a P/E/G ratio of 1.58 and a beta of 1.62. The business’s fifty day moving average is $180.40 and its two-hundred day moving average is $168.26. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the previous year, the business earned $3.91 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Lennar Co. will post 14.18 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s payout ratio is currently 13.25%.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.36% of the company’s stock.

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.