iSAM Funds UK Ltd Acquires Shares of 4,916 Lennar Co. (NYSE:LEN)

iSAM Funds UK Ltd bought a new stake in Lennar Co. (NYSE:LEN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,916 shares of the construction company’s stock, valued at approximately $922,000.

Other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. bought a new position in shares of Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC boosted its stake in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Lennar in the 3rd quarter valued at about $30,000. Asset Dedication LLC boosted its stake in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, DT Investment Partners LLC boosted its stake in shares of Lennar by 523.3% in the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.36% of the stock is currently owned by company insiders.

Lennar Trading Down 0.9 %

LEN stock opened at $163.45 on Friday. The company has a fifty day moving average price of $175.66 and a two-hundred day moving average price of $169.79. The stock has a market cap of $44.33 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.61. Lennar Co. has a one year low of $135.31 and a one year high of $193.80. 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 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. The company 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%. Lennar’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 earnings per share. Equities analysts anticipate that Lennar Co. will post 14.18 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.50 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. Lennar’s payout ratio is presently 13.25%.

Analysts Set New Price Targets

Several research firms recently weighed in on LEN. Wedbush reissued a “neutral” rating and set a $144.00 price objective on shares of Lennar in a research note on Friday, September 20th. Evercore ISI dropped their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. Citigroup raised their target price on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $184.29.

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.