Lennar Co. (NYSE:LEN) Shares Purchased by JGP Wealth Management LLC

JGP Wealth Management LLC boosted its holdings in Lennar Co. (NYSE:LEN) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,373 shares of the construction company’s stock after acquiring an additional 1,311 shares during the quarter. Lennar accounts for 1.4% of JGP Wealth Management LLC’s portfolio, making the stock its 24th largest position. JGP Wealth Management LLC’s holdings in Lennar were worth $10,824,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in Lennar in the 3rd quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its stake in Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Lennar during the 3rd quarter valued at $30,000. Asset Dedication LLC boosted its stake in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of NYSE:LEN opened at $140.89 on Friday. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The business has a fifty day simple moving average of $154.15 and a 200 day simple moving average of $167.37. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. 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 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). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter last year, the business earned $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Lennar’s payout ratio is presently 13.95%.

Analysts Set New Price Targets

LEN has been the subject of several research reports. Evercore ISI reduced their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reduced their price objective on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Bank Of America (Bofa) raised their price objective on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $171.50.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated 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 sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

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.