Blackhawk Capital Partners LLC. Acquires 564 Shares of Lennar Co. (NYSE:LEN)

Blackhawk Capital Partners LLC. boosted its holdings in Lennar Co. (NYSE:LEN) by 49.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,714 shares of the construction company’s stock after purchasing an additional 564 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Lennar were worth $234,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Crews Bank & Trust bought a new stake in Lennar in the fourth quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the third quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of Lennar during the 4th quarter worth about $32,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Trading Down 0.7 %

NYSE LEN opened at $119.79 on Tuesday. The stock has a market capitalization of $31.81 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.24 and a beta of 1.67. The business’s fifty day moving average is $132.46 and its 200-day moving average is $160.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a one year low of $117.90 and a one year high of $193.80.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the previous year, the firm earned $4.82 earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. Equities research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Barclays cut their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, UBS Group lowered their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $163.88.

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.