Blackhawk Capital Partners LLC. Invests $216,000 in Lennar Co. (NYSE:LEN)

Blackhawk Capital Partners LLC. purchased a new position in Lennar Co. (NYSE:LEN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,150 shares of the construction company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. D1 Capital Partners L.P. grew its holdings in Lennar by 428.9% during the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after buying an additional 1,962,447 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Lennar by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after buying an additional 396,951 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Lennar during the 1st quarter valued at $61,807,000. KBC Group NV boosted its holdings in shares of Lennar by 258.3% during the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after purchasing an additional 356,731 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Lennar by 157.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after purchasing an additional 351,698 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction that occurred 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 transaction, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Down 0.3 %

NYSE:LEN opened at $168.23 on Thursday. 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 stock has a 50-day simple moving average of $178.67 and a 200 day simple moving average of $169.15. Lennar Co. has a one year low of $125.17 and a one year high of $193.80. The company has a market capitalization of $45.63 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating 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 company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the previous year, the firm posted $3.91 earnings per share. Lennar’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.19%. Lennar’s dividend payout ratio (DPR) is presently 13.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. 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. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. JMP Securities increased their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th. Wedbush reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research report on Friday, September 20th. Finally, Wells Fargo & Company cut their target price on Lennar from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $180.56.

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.