Pine Valley Investments Ltd Liability Co Has $370,000 Holdings in Lennar Co. (NYSE:LEN)

Pine Valley Investments Ltd Liability Co increased its stake in shares of Lennar Co. (NYSE:LEN) by 8.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,973 shares of the construction company’s stock after acquiring an additional 158 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Lennar were worth $370,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. grew its stake in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after acquiring an additional 66 shares in the last quarter. Centaurus Financial Inc. grew its position in Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after purchasing an additional 71 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in Lennar by 5.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock valued at $207,000 after buying an additional 74 shares during the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Lennar by 5.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after buying an additional 74 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of Lennar by 0.5% in the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after acquiring an additional 74 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction 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 sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.36% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $154.39 on Friday. The company has a market capitalization of $41.88 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.31 and a beta of 1.61. The stock’s 50 day moving average is $172.46 and its 200-day moving average is $169.85. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $140.65 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last posted 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 firm 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 company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.91 EPS. Equities research analysts expect that Lennar Co. will post 14.11 EPS for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Bank of America increased their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada boosted their target price on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a report on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $164.00 price target on shares of Lennar in a research note on Thursday. Finally, Barclays lowered shares of Lennar from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $210.00 to $181.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Lennar presently has a consensus rating of “Hold” and an average target price of $183.76.

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.