Nilsine Partners LLC Purchases 313 Shares of Lennar Co. (NYSE:LEN)

Nilsine Partners LLC boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,904 shares of the construction company’s stock after buying an additional 313 shares during the period. Nilsine Partners LLC’s holdings in Lennar were worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after acquiring an additional 149,812 shares during the period. Smead Capital Management Inc. grew its stake in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares during the period. Verition Fund Management LLC raised its holdings in shares of Lennar by 147.6% in the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after buying an additional 41,264 shares in the last quarter. Polianta Ltd acquired a new stake in Lennar in the 4th quarter valued at $900,000. Finally, OneDigital Investment Advisors LLC raised its stake in Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after acquiring an additional 4,363 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $136.09 on Wednesday. The firm has a market capitalization of $36.91 billion, a P/E ratio of 9.49, a PEG ratio of 1.32 and a beta of 1.66. The business has a 50-day moving average of $149.00 and a 200-day moving average of $167.09. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $4.82 earnings per share. On average, equities analysts anticipate that Lennar Co. will post 13.02 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several analyst reports. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Bank of America reduced their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday. Keefe, Bruyette & Woods dropped their price target on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $168.38.

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.