Catalyst Financial Partners LLC Increases Holdings in Lennar Co. (NYSE:LEN)

Catalyst Financial Partners LLC grew its stake in Lennar Co. (NYSE:LEN) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,510 shares of the construction company’s stock after acquiring an additional 77 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Lennar were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LEN. Oakworth Capital Inc. acquired a new position in Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC grew its position in Lennar by 933.3% in 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. GHP Investment Advisors Inc. acquired a new stake in Lennar during the third quarter worth $30,000. J.Safra Asset Management Corp acquired a new position in shares of Lennar in the 1st quarter valued at $30,000. Finally, Asset Dedication LLC grew its holdings in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LEN. JMP Securities upped their target price on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 25th. Royal Bank of Canada increased their price objective on shares of Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods boosted their target price on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Barclays raised their price target on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and a consensus target price of $181.11.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.36% of the company’s stock.

Lennar Trading Down 0.7 %

LEN opened at $170.30 on Friday. The business’s 50-day simple moving average is $181.65 and its 200-day simple moving average is $167.45. Lennar Co. has a one year low of $104.68 and a one year high of $193.80. 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 company has a market cap of $46.19 billion, a P/E ratio of 11.28, a PEG ratio of 1.60 and a beta of 1.61.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the prior year, the firm posted $3.91 earnings per share. Lennar’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s payout ratio is currently 13.25%.

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.