Stiles Financial Services Inc Takes $249,000 Position in Lennar Co. (NYSE:LEN)

Stiles Financial Services Inc acquired a new stake in Lennar Co. (NYSE:LENFree Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,216 shares of the construction company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in Lennar in the 3rd quarter valued at $374,000. Banque Cantonale Vaudoise grew its stake in Lennar by 17.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,561 shares of the construction company’s stock valued at $400,000 after acquiring an additional 526 shares during the period. PGGM Investments grew its stake in Lennar by 16.3% in the 3rd quarter. PGGM Investments now owns 88,872 shares of the construction company’s stock valued at $9,974,000 after acquiring an additional 12,469 shares during the period. Moors & Cabot Inc. grew its stake in Lennar by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,129 shares of the construction company’s stock valued at $351,000 after acquiring an additional 125 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Lennar by 0.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 19,278 shares of the construction company’s stock valued at $2,164,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 79.87% of the company’s stock.

Lennar Trading Down 1.0 %

Shares of LEN stock opened at $152.54 on Tuesday. The company’s 50-day moving average price is $146.00 and its 200-day moving average price is $127.61. The company has a current ratio of 6.12, a quick ratio of 1.72 and a debt-to-equity ratio of 0.11. The stock has a market cap of $42.84 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.01 and a beta of 1.53. Lennar Co. has a twelve month low of $94.11 and a twelve month high of $156.01.

Lennar (NYSE:LENGet Free Report) last issued its quarterly earnings data on Friday, December 15th. The construction company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.23. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.22 billion. Lennar had a net margin of 11.51% and a return on equity of 15.84%. Lennar’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.02 EPS. As a group, equities analysts predict that Lennar Co. will post 14.36 earnings per share for the current year.

Lennar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.50 dividend. This is a positive change from Lennar’s previous quarterly dividend of $0.38. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lennar’s payout ratio is 14.53%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Lennar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. JMP Securities lifted their target price on shares of Lennar from $150.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 19th. Barclays lifted their target price on shares of Lennar from $132.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Jefferies Financial Group assumed coverage on shares of Lennar in a research note on Monday, November 27th. They set a “hold” rating and a $117.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Lennar from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $140.53.

Get Our Latest Report on LEN

Insider Activity at Lennar

In related news, VP David M. Collins sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the sale, the vice president now directly owns 37,060 shares in the company, valued at approximately $4,817,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lennar news, VP Mark Sustana sold 37,304 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $146.38, for a total transaction of $5,460,559.52. Following the sale, the vice president now directly owns 18,694 shares in the company, valued at $2,736,427.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Collins sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the sale, the vice president now owns 37,060 shares in the company, valued at $4,817,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,304 shares of company stock worth $8,237,860. Company insiders own 9.53% of the company’s stock.

Lennar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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