Insigneo Advisory Services LLC Boosts Holdings in Lennar Co. (NYSE:LEN)

Insigneo Advisory Services LLC grew its holdings in Lennar Co. (NYSE:LEN) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,443 shares of the construction company’s stock after acquiring an additional 183 shares during the period. Insigneo Advisory Services LLC’s holdings in Lennar were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Moors & Cabot Inc. raised its holdings in Lennar by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after purchasing an additional 66 shares during the period. Lakewood Asset Management LLC raised its stake in shares of Lennar by 0.8% in the second quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after buying an additional 70 shares during the period. Centaurus Financial Inc. lifted its position in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after buying an additional 71 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of 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 acquiring an additional 73 shares during the period. Finally, Aaron Wealth Advisors LLC raised its stake in Lennar by 5.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’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 owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.36% of the stock is owned by insiders.

Lennar Stock Performance

Shares of NYSE:LEN opened at $166.01 on Tuesday. The firm has a fifty day simple moving average of $174.76 and a two-hundred day simple moving average of $170.01. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $45.03 billion, a P/E ratio of 10.99, a PEG ratio of 1.35 and a beta of 1.61. Lennar Co. has a 52 week low of $137.95 and a 52 week 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 for the quarter, topping the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.91 earnings per share. On average, analysts expect that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. Lennar’s dividend payout ratio is presently 13.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on LEN. Evercore ISI dropped their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. Barclays increased their price target on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. boosted their price objective on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Citigroup increased their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Finally, Bank Of America (Bofa) upped their price target on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and an average target price of $184.29.

About Lennar

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.