One Wealth Capital Management LLC Makes New Investment in Lennar Co. (NYSE:LEN)

One Wealth Capital Management LLC acquired a new stake in Lennar Co. (NYSE:LEN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,804 shares of the construction company’s stock, valued at approximately $246,000.

Other hedge funds have also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new stake in shares of Lennar during the third quarter worth $27,000. Wolff Wiese Magana LLC increased its stake in 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 acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. acquired a new position in Lennar in the 3rd quarter valued at $30,000. Asset Dedication LLC lifted its position 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 valued at $32,000 after acquiring an additional 169 shares during the period. Finally, DT Investment Partners LLC grew its holdings in shares of Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after purchasing an additional 157 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LEN. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. Citigroup reduced their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. UBS Group cut their target price on Lennar from $225.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.31.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s 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 completion of the transaction, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.36% of the company’s stock.

Lennar Trading Down 1.5 %

NYSE LEN traded down $2.05 during trading hours on Tuesday, reaching $133.01. The company’s stock had a trading volume of 1,692,685 shares, compared to its average volume of 1,973,922. The firm has a fifty day simple moving average of $159.47 and a 200-day simple moving average of $168.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a 52 week low of $132.90 and a 52 week high of $193.80. The stock has a market cap of $36.08 billion, a P/E ratio of 8.81, a P/E/G ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last issued 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). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.82 EPS. Equities analysts forecast that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

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.