Lennar Co. (NYSE:LEN) Position Boosted by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lifted its stake in Lennar Co. (NYSE:LEN) by 37.8% during the third quarter, HoldingsChannel reports. The fund owned 43,824 shares of the construction company’s stock after purchasing an additional 12,015 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lennar were worth $8,216,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LEN. Oakworth Capital Inc. bought a new position in shares of Lennar during the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC raised its position in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar in the first quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new stake in Lennar in the third quarter valued at about $30,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Lennar in the 1st quarter valued at $32,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LEN. JPMorgan Chase & Co. upped their target price on shares of Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their price objective on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a report on Monday, September 23rd. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Finally, Bank Of America (Bofa) upped their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and an average price target of $181.11.

Lennar Price Performance

Shares of LEN opened at $171.60 on Thursday. The stock has a market capitalization of $46.55 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.62 and a beta of 1.61. Lennar Co. has a twelve month low of $104.68 and a twelve month high of $193.80. The company has a 50 day moving average of $181.82 and a 200-day moving average of $167.43. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same period last year, the business earned $3.91 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Lennar’s dividend payout ratio is presently 13.60%.

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.