Asset Management Advisors LLC Has $9.94 Million Stake in Lennar Co. (NYSE:LEN)

Asset Management Advisors LLC lessened its stake in shares of Lennar Co. (NYSE:LEN) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,027 shares of the construction company’s stock after selling 429 shares during the period. Lennar accounts for approximately 6.9% of Asset Management Advisors LLC’s holdings, making the stock its 3rd biggest position. Asset Management Advisors LLC’s holdings in Lennar were worth $9,942,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LEN. Oakworth Capital Inc. bought a new position in shares of Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC increased its position in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Lennar during the first quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new position in Lennar during the third quarter valued at approximately $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in Lennar during the first quarter valued at approximately $32,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE:LEN traded up $1.17 during trading hours on Friday, reaching $172.58. The company had a trading volume of 1,220,560 shares, compared to its average volume of 1,993,768. Lennar Co. has a 1-year low of $118.92 and a 1-year high of $193.80. The firm has a market cap of $46.81 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The business’s 50 day moving average price is $180.40 and its 200-day moving average price is $168.26. 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 (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 company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the previous year, the company posted $3.91 earnings per share. Lennar’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts forecast that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on LEN shares. JMP Securities lifted their price objective on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Wednesday, September 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Wells Fargo & Company cut their price target on shares of Lennar from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday. Royal Bank of Canada lifted their price target on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a report on Monday, September 23rd. Finally, Bank of America lifted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Lennar presently has an average rating of “Hold” and an average price target of $180.56.

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’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 completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.36% of the company’s stock.

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.