Rosenberg Matthew Hamilton Purchases 274 Shares of Lennar Co. (NYSE:LEN)

Rosenberg Matthew Hamilton grew its position in shares of Lennar Co. (NYSE:LEN) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,412 shares of the construction company’s stock after buying an additional 274 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Lennar were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LEN. D1 Capital Partners L.P. grew its position in Lennar by 428.9% during the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after acquiring an additional 1,962,447 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Lennar during the third quarter worth $115,229,000. Nordea Investment Management AB increased its stake in shares of Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after buying an additional 397,492 shares in the last quarter. Pacer Advisors Inc. lifted its position in Lennar by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after buying an additional 396,951 shares in the last quarter. Finally, KBC Group NV grew its holdings in Lennar by 258.3% during the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after acquiring an additional 356,731 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Activity

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the sale, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Up 1.5 %

NYSE:LEN opened at $131.47 on Tuesday. The stock has a 50-day moving average price of $155.60 and a two-hundred day moving average price of $167.68. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of $35.66 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.82 earnings per share. As a group, equities analysts expect that Lennar Co. will post 14.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LEN. Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Wedbush reissued a “neutral” rating and set a $164.00 price objective on shares of Lennar in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $171.50.

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.