Lennar Co. (NYSE:LEN) Stake Boosted by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in shares of Lennar Co. (NYSE:LEN) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the construction company’s stock after purchasing an additional 100 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Lennar were worth $164,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Moors & Cabot Inc. raised its stake in Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after purchasing an additional 66 shares during the period. Centaurus Financial Inc. increased its stake in shares of Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after acquiring an additional 71 shares during the last quarter. Commerce Bank raised its holdings in shares of Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after acquiring an additional 74 shares in the last quarter. Jupiter Wealth Management LLC raised its holdings in shares of Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after acquiring an additional 75 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LEN. JPMorgan Chase & Co. cut 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. UBS Group cut their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company cut their price objective on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup cut their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $163.88.

Lennar Trading Down 1.0 %

Shares of NYSE:LEN opened at $120.34 on Friday. The company has a market cap of $31.95 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.24 and a beta of 1.67. The stock’s 50-day moving average is $131.07 and its 200-day moving average is $159.81. Lennar Co. has a 52-week low of $117.90 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 issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (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 business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the business posted $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities research analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

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.