Sapient Capital LLC Acquires 1,261 Shares of Lennar Co. (NYSE:LEN)

Sapient Capital LLC raised its holdings in Lennar Co. (NYSE:LEN) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 108,084 shares of the construction company’s stock after acquiring an additional 1,261 shares during the quarter. Sapient Capital LLC’s holdings in Lennar were worth $14,739,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LEN. Holocene Advisors LP acquired a new stake in Lennar in the third quarter valued at $115,229,000. Pacer Advisors Inc. increased its stake in shares of Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after purchasing an additional 589,553 shares during the period. Nordea Investment Management AB lifted its holdings 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 buying an additional 397,492 shares in the last quarter. KBC Group NV boosted its holdings in Lennar by 258.3% in the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock valued at $92,774,000 after purchasing an additional 356,731 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after acquiring an additional 149,812 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of Lennar stock opened at $122.61 on Tuesday. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a twelve month low of $121.40 and a twelve month high of $193.80. The company’s fifty day moving average is $141.34 and its 200 day moving average is $164.66.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (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 the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.82 earnings per share. Sell-side analysts forecast that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the subject of several recent analyst reports. UBS Group cut their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Keefe, Bruyette & Woods decreased their price target on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Royal Bank of Canada reduced their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $167.19.

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.