Lennar Co. (NYSE:LEN) Shares Acquired by FCG Investment Co

FCG Investment Co increased its position in shares of Lennar Co. (NYSE:LEN) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189 shares of the construction company’s stock after acquiring an additional 159 shares during the period. FCG Investment Co’s holdings in Lennar were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in shares of Lennar in the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC increased its position in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Lennar in the first quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in Lennar in the third quarter valued at $30,000. Finally, New Covenant Trust Company N.A. acquired a new position in Lennar during the 1st quarter worth $32,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LEN shares. Evercore ISI decreased their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research note on Monday, September 23rd. Citigroup boosted their price target on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Raymond James lowered shares of Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Bank of America boosted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $181.11.

Lennar Trading Up 0.4 %

LEN opened at $174.00 on Monday. The firm has a market cap of $47.20 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. Lennar Co. has a 52 week low of $103.41 and a 52 week high of $193.80. The business’s 50 day moving average is $182.08 and its two-hundred day moving average is $167.22. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.91 earnings per share. On average, research analysts predict that Lennar Co. will post 14.18 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, October 9th. Lennar’s payout ratio is currently 13.25%.

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.