First National Bank of Mount Dora Trust Investment Services Boosts Holdings in Lennar Co. (NYSE:LEN)

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Lennar Co. (NYSE:LEN) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,479 shares of the construction company’s stock after acquiring an additional 600 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Lennar were worth $2,384,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LEN. D1 Capital Partners L.P. raised its stake in shares of Lennar by 428.9% during the second 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 in the last quarter. Holocene Advisors LP purchased a new position in shares of Lennar during the third quarter worth approximately $115,229,000. Nordea Investment Management AB raised its stake in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after acquiring an additional 396,951 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Lennar by 258.3% during the third 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 in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 23,689 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 9.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. JPMorgan Chase & Co. decreased their target price 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. Citigroup decreased their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada raised shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price on the stock in a research note on Friday, January 10th. Finally, Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $171.50.

Lennar Stock Performance

Shares of LEN stock opened at $141.55 on Friday. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The company’s 50-day moving average is $152.92 and its 200 day moving average is $167.15. The company has a market capitalization of $38.39 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS 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 firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the company posted $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. Sell-side analysts expect that Lennar Co. will post 13.02 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

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.