Lennar Co. (NYSE:LEN) Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its stake in shares of Lennar Co. (NYSE:LEN) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,308 shares of the construction company’s stock after buying an additional 481 shares during the quarter. Magnus Financial Group LLC’s holdings in Lennar were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Smead Capital Management Inc. boosted its stake in Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the period. Verition Fund Management LLC grew its holdings in shares of Lennar by 147.6% during the third 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 during the last quarter. OneDigital Investment Advisors LLC raised its stake in Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after acquiring an additional 4,363 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Lennar by 8.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock valued at $19,022,000 after purchasing an additional 8,092 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Wedbush reaffirmed a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. Royal Bank of Canada raised shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price target for the company in a report on Friday, January 10th. Barclays lowered their price objective on Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Keefe, Bruyette & Woods reduced 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. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus target price of $171.50.

Insider Activity

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on 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 transaction, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.36% of the company’s stock.

Lennar Stock Up 2.3 %

LEN stock opened at $136.26 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company’s 50 day simple moving average is $151.64 and its 200-day simple moving average is $167.41. Lennar Co. has a 12 month low of $128.41 and a 12 month high of $193.80. The firm has a market capitalization of $36.96 billion, a PE ratio of 9.50, a P/E/G ratio of 1.29 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly 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 company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.82 EPS. Equities analysts expect that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. Lennar’s dividend payout ratio (DPR) is presently 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.