Lennar Co. (NYSE:LEN) Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its stake in Lennar Co. (NYSE:LEN) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,220 shares of the construction company’s stock after acquiring an additional 95 shares during the quarter. Greenleaf Trust’s holdings in Lennar were worth $712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Lennar during the third quarter valued at $27,000. Wolff Wiese Magana LLC raised its position in Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. acquired a new position in Lennar during the third quarter valued at $30,000. Asset Dedication LLC increased its position in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Lennar in the 4th quarter worth about $25,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 1.7 %

NYSE LEN opened at $128.36 on Wednesday. The stock has a fifty day moving average of $145.16 and a 200-day moving average of $165.93. The stock has a market capitalization of $34.08 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67. Lennar Co. has a 52 week low of $125.21 and a 52 week high of $193.80. 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 released its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS 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 net margin of 11.10% and a return on equity of 13.93%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the business posted $4.82 earnings per share. On average, equities research analysts forecast that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. Lennar’s dividend payout ratio is currently 13.95%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LEN shares. Bank of America dropped their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group dropped their target price 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 on the stock in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, Barclays lowered their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and a consensus target price of $167.50.

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.