Lennar Co. (NYSE:LEN) Shares Acquired by Community Bank N.A.

Community Bank N.A. increased its stake in shares of Lennar Co. (NYSE:LEN) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,055 shares of the construction company’s stock after acquiring an additional 590 shares during the period. Community Bank N.A.’s holdings in Lennar were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEN. Camden National Bank acquired a new stake in Lennar during the third quarter worth about $250,000. Great Valley Advisor Group Inc. acquired a new stake in Lennar during the third quarter worth about $235,000. Kingsview Wealth Management LLC grew its holdings in Lennar by 275.4% during the third quarter. Kingsview Wealth Management LLC now owns 5,113 shares of the construction company’s stock worth $959,000 after acquiring an additional 3,751 shares during the period. Okabena Investment Services Inc. acquired a new stake in Lennar during the third quarter worth about $560,000. Finally, Swedbank AB grew its holdings in Lennar by 5.4% during the third quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock worth $30,880,000 after acquiring an additional 8,405 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of Lennar stock opened at $115.09 on Monday. Lennar Co. has a one year low of $111.26 and a one year high of $187.61. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.24 and a beta of 1.69. 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 business’s 50 day moving average price is $126.09 and its 200 day moving average price is $153.13.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the business posted $2.57 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.74%. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

Several analysts have commented on LEN shares. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $152.00 to $141.00 in a report on Tuesday, March 11th. Wedbush reissued a “neutral” rating and issued a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Citigroup dropped their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Fourteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and a consensus price target of $164.53.

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.