Callan Family Office LLC Takes $715,000 Position in Lennar Co. (NYSE:LEN)

Callan Family Office LLC acquired a new stake in shares of Lennar Co. (NYSE:LEN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,246 shares of the construction company’s stock, valued at approximately $715,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Candriam S.C.A. grew its holdings in shares of Lennar by 47.9% during the 4th quarter. Candriam S.C.A. now owns 17,649 shares of the construction company’s stock worth $2,407,000 after purchasing an additional 5,718 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Lennar by 15.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,852 shares of the construction company’s stock worth $253,000 after purchasing an additional 249 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Lennar by 12.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,400 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 1,124 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Lennar by 7.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,457 shares of the construction company’s stock worth $310,000 after acquiring an additional 180 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Lennar in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the subject of a number of analyst reports. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. 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. Keefe, Bruyette & Woods dropped their price target on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Bank of America dropped their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lennar currently has a consensus rating of “Hold” and a consensus price target of $163.88.

Lennar Trading Down 0.7 %

NYSE:LEN opened at $125.24 on Friday. Lennar Co. has a 1 year low of $116.67 and a 1 year high of $187.61. The stock has a market cap of $33.25 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. The business has a fifty day moving average of $129.11 and a 200-day moving average of $157.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. Lennar’s payout ratio is 13.95%.

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.