Everence Capital Management Inc. Sells 3,680 Shares of Lennar Co. (NYSE:LEN)

Everence Capital Management Inc. lessened its holdings in shares of Lennar Co. (NYSE:LEN) by 58.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,660 shares of the construction company’s stock after selling 3,680 shares during the period. Everence Capital Management Inc.’s holdings in Lennar were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LEN. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Lennar during the 3rd quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new position in Lennar during the 3rd quarter valued at approximately $28,000. BluePath Capital Management LLC purchased a new position in Lennar during the 3rd quarter valued at approximately $29,000. Coppell Advisory Solutions LLC purchased a new position in Lennar during the 2nd quarter valued at approximately $46,000. Finally, NBC Securities Inc. purchased a new position in Lennar during the 3rd quarter valued at approximately $56,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a report on Thursday, March 14th. Royal Bank of Canada dropped their target price on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, March 14th. Wells Fargo & Company lifted their target price on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Keefe, Bruyette & Woods boosted their price objective on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Barclays boosted their price objective on Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

Lennar Trading Up 0.4 %

Shares of NYSE LEN opened at $152.49 on Friday. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $159.62 and a two-hundred day simple moving average of $142.03. The firm has a market cap of $42.44 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.42 and a beta of 1.53. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $172.59.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. Lennar’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 EPS. Analysts expect that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, April 23rd. Lennar’s payout ratio is 14.02%.

Insider Transactions at Lennar

In related news, Director Amy Banse purchased 1,575 shares of Lennar stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the transaction, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.36% of the company’s stock.

Lennar 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.