390 Shares in Lennar Co. (NYSE:LEN) Acquired by Millstone Evans Group LLC

Millstone Evans Group LLC acquired a new position in Lennar Co. (NYSE:LEN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 390 shares of the construction company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LEN. Camden National Bank bought a new position in Lennar in the third quarter worth approximately $250,000. Great Valley Advisor Group Inc. purchased a new position in shares of Lennar in the 3rd quarter valued at $235,000. Kingsview Wealth Management LLC increased its holdings in shares of Lennar by 275.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock valued at $959,000 after acquiring an additional 3,751 shares during the period. Okabena Investment Services Inc. purchased a new position in shares of Lennar in the 3rd quarter valued at $560,000. Finally, Swedbank AB increased its holdings in shares of Lennar by 5.4% in the 3rd quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock valued at $30,880,000 after acquiring an additional 8,405 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods downgraded Lennar from an “outperform” rating to a “market perform” rating and cut their price target for the company from $152.00 to $141.00 in a report on Tuesday, March 11th. Barclays cut their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $164.53.

Lennar Stock Performance

Shares of LEN stock opened at $115.09 on Monday. The stock has a market cap of $30.56 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The business has a 50-day simple moving average of $126.09 and a 200-day simple moving average of $153.13. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 EPS. On average, equities analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.74%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

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.