Passumpsic Savings Bank Raises Stake in Lennar Co. (NYSE:LEN)

Passumpsic Savings Bank raised its position in Lennar Co. (NYSE:LEN) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,100 shares of the construction company’s stock after acquiring an additional 228 shares during the quarter. Passumpsic Savings Bank’s holdings in Lennar were worth $1,786,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new stake in shares of Lennar during the 3rd quarter worth approximately $30,000. Crews Bank & Trust purchased a new stake in shares of Lennar during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the last quarter. DT Investment Partners LLC lifted its position in shares of Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after buying an additional 157 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lennar during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN opened at $120.59 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock has a market capitalization of $32.02 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.22 and a beta of 1.67. The company’s fifty day moving average is $133.78 and its two-hundred day moving average is $161.49. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period last year, the company earned $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. 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. Bank of America reduced their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada cut their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group cut their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Lennar has an average rating of “Hold” and a consensus price target of $163.88.

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.