Americana Partners LLC Acquires Shares of 1,400 Lennar Co. (NYSE:LEN)

Americana Partners LLC bought a new position in Lennar Co. (NYSE:LEN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,400 shares of the construction company’s stock, valued at approximately $262,000.

Several other institutional investors have also bought and sold shares of the stock. Lakewood Asset Management LLC lifted its holdings in shares of Lennar by 0.8% during the second quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock valued at $1,407,000 after acquiring an additional 70 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in Lennar by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after purchasing an additional 73 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in Lennar by 5.7% during the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after buying an additional 74 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Lennar by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after buying an additional 74 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in shares of Lennar by 5.4% in the third quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock valued at $283,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated 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 owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.36% of the company’s stock.

Lennar Price Performance

Shares of LEN opened at $169.66 on Friday. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of $46.02 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.62. The stock’s 50-day moving average price is $181.34 and its two-hundred day moving average price is $167.64. Lennar Co. has a 1 year low of $113.44 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings data 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. The firm had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.91 earnings per share. On average, equities analysts predict that Lennar Co. will post 14.18 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.18%. Lennar’s dividend payout ratio is presently 13.25%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of research analyst reports. Evercore ISI decreased their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. JMP Securities increased their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Royal Bank of Canada lifted their price target on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Wedbush reiterated a “neutral” rating and set a $144.00 target price on shares of Lennar in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $181.11.

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.