Atria Investments LLC boosted its stake in shares of Lennar Co. (NYSE:LEN) by 23.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,511 shares of the construction company’s stock after buying an additional 4,883 shares during the period. Atria Investments LLC’s holdings in Lennar were worth $1,613,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in LEN. The Manufacturers Life Insurance Company raised its holdings in Lennar by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,516,323 shares of the construction company’s stock valued at $400,771,000 after buying an additional 386,110 shares during the period. Capital Growth Management LP grew its position in shares of Lennar by 28.2% during the 3rd quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock worth $57,552,000 after buying an additional 240,000 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Lennar by 268.3% during the 3rd quarter. Janus Henderson Group PLC now owns 162,638 shares of the construction company’s stock worth $8,587,000 after purchasing an additional 118,482 shares during the last quarter. Patriot Wealth Management Inc. purchased a new stake in shares of Lennar during the 4th quarter worth $5,563,000. Finally, Parkwood LLC purchased a new stake in shares of Lennar during the 3rd quarter worth $3,969,000. Institutional investors own 80.79% of the company’s stock.
LEN has been the subject of a number of analyst reports. UBS Group initiated coverage on Lennar in a research note on Wednesday, October 25th. They set a “buy” rating for the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $78.00 price objective on shares of Lennar in a research note on Thursday, January 11th. Royal Bank of Canada set a $82.00 price objective on Lennar and gave the stock a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Tuesday, January 16th. Finally, Mizuho raised Lennar from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.07.
In other news, VP Diane J. Bessette sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $69.50, for a total value of $695,000.00. Following the completion of the sale, the vice president now directly owns 222,396 shares of the company’s stock, valued at approximately $15,456,522. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at $22,262,580. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,000 shares of company stock valued at $12,392,050. Insiders own 12.18% of the company’s stock.
Lennar Co. (NYSE LEN) traded down $0.39 on Friday, reaching $58.69. The company had a trading volume of 7,760,000 shares, compared to its average volume of 4,741,963. Lennar Co. has a 1 year low of $43.92 and a 1 year high of $72.17. The firm has a market cap of $13,807.41, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 8.42 and a quick ratio of 1.67.
Lennar (NYSE:LEN) last released its earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. equities research analysts anticipate that Lennar Co. will post 5.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.27%. Lennar’s dividend payout ratio is currently 4.68%.
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Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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