Blackhawk Capital Partners LLC. Has $234,000 Stake in Lennar Co. (NYSE:LEN)

Blackhawk Capital Partners LLC. increased its position in shares of Lennar Co. (NYSE:LEN) by 49.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,714 shares of the construction company’s stock after purchasing an additional 564 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Lennar were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Crews Bank & Trust bought a new stake in Lennar in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new position in shares of Lennar during the fourth quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC raised its position in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Price Performance

Shares of NYSE:LEN opened at $119.79 on Tuesday. The firm has a market cap of $31.81 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. Lennar Co. has a 52 week low of $117.90 and a 52 week high of $193.80. The firm’s fifty day moving average is $132.46 and its 200-day moving average is $160.68. 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 quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter last year, the firm posted $4.82 EPS. The company’s quarterly revenue was down 9.3% on a year-over-year basis. Sell-side analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.67%. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Analyst Ratings Changes

A number of equities analysts have commented on LEN shares. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wedbush restated a “neutral” rating and issued a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. Bank of America reduced their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Lennar has a consensus rating of “Hold” and an average target price of $163.88.

About Lennar

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.