233 Shares in Lennar Co. (NYSE:LEN) Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new stake in shares of Lennar Co. (NYSE:LEN) in the 4th quarter, Holdings Channel reports. The fund purchased 233 shares of the construction company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its holdings 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 during the period. Holocene Advisors LP bought a new stake in Lennar in the 3rd quarter valued at $115,229,000. Nordea Investment Management AB grew its holdings in Lennar by 21.4% in the 4th 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 holdings 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 buying an additional 396,951 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Lennar by 258.3% in the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock valued at $92,774,000 after acquiring an additional 356,731 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.36% of the stock is owned by company insiders.

Lennar Stock Performance

NYSE LEN opened at $129.58 on Friday. Lennar Co. has a fifty-two week low of $129.36 and a fifty-two week high of $193.80. The stock has a market cap of $35.15 billion, a PE ratio of 8.58, a PEG ratio of 1.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The firm’s fifty day moving average price is $156.42 and its two-hundred day moving average price is $167.54.

Lennar (NYSE:LEN) last issued its earnings results 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). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the company earned $4.82 EPS. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts expect that Lennar Co. will post 14.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. JPMorgan Chase & Co. dropped their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Wells Fargo & Company reduced their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus price target 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.