Lennar Co. (NYSE:LEN) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Lennar Co. (NYSE:LEN) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,484 shares of the construction company’s stock after purchasing an additional 1,268 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. D1 Capital Partners L.P. boosted its holdings in shares of Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after buying an additional 1,962,447 shares during the period. Holocene Advisors LP purchased a new stake in shares of Lennar in the 3rd quarter valued at approximately $115,229,000. Nordea Investment Management AB grew its position in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares in the last quarter. Pacer Advisors Inc. raised its stake in Lennar by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after purchasing an additional 396,951 shares during the period. Finally, KBC Group NV boosted its position in shares of Lennar by 258.3% in the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after buying an additional 356,731 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

LEN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. JMP Securities increased their price target on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th. UBS Group decreased their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Bank Of America (Bofa) increased their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus price target of $171.50.

Lennar Stock Performance

Shares of NYSE LEN opened at $140.89 on Friday. The business’s 50-day simple moving average is $154.15 and its 200-day simple moving average is $167.37. Lennar Co. has a 52 week low of $128.41 and a 52 week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market cap of $38.21 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.21 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS 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 firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the business earned $4.82 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the 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 sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.36% of the stock is currently owned by company insiders.

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.