OneDigital Investment Advisors LLC Raises Holdings in Lennar Co. (NYSE:LEN)

OneDigital Investment Advisors LLC grew its stake in Lennar Co. (NYSE:LEN) by 101.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,673 shares of the construction company’s stock after buying an additional 4,363 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Lennar were worth $1,626,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LEN. Oakworth Capital Inc. acquired a new position in Lennar during the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its position in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the third quarter worth $30,000. New Covenant Trust Company N.A. purchased a new position in Lennar in the first quarter valued at $32,000. Finally, Asset Dedication LLC raised its stake in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Trading Down 0.6 %

Shares of Lennar stock opened at $168.85 on Monday. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The firm has a market cap of $45.80 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. Lennar Co. has a 52-week low of $125.17 and a 52-week high of $193.80. The company’s 50-day simple moving average is $179.35 and its 200-day simple moving average is $168.99.

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

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.18%. Lennar’s dividend payout ratio (DPR) is presently 13.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LEN shares. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Evercore ISI cut their price objective on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. Royal Bank of Canada upped their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Finally, Citigroup raised their price objective on Lennar from $164.00 to $196.00 and gave the stock a “neutral” 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 company’s stock. According to data from MarketBeat, Lennar currently has an average rating of “Hold” and an average price target of $180.56.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.36% of the company’s stock.

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.