Lebenthal Global Advisors LLC Purchases 1,139 Shares of Lennar Co. (NYSE:LEN)

Lebenthal Global Advisors LLC boosted its position in Lennar Co. (NYSE:LEN) by 19.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,862 shares of the construction company’s stock after acquiring an additional 1,139 shares during the period. Lebenthal Global Advisors LLC’s holdings in Lennar were worth $936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEN. Foundations Investment Advisors LLC grew its position in shares of Lennar by 39.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,694 shares of the construction company’s stock worth $231,000 after buying an additional 480 shares during the period. Pacer Advisors Inc. grew its holdings in Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after acquiring an additional 589,553 shares during the period. Center For Asset Management LLC raised its position in shares of Lennar by 3.2% during the 4th quarter. Center For Asset Management LLC now owns 3,350 shares of the construction company’s stock valued at $457,000 after acquiring an additional 104 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Lennar by 3.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,860 shares of the construction company’s stock valued at $5,572,000 after purchasing an additional 1,182 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Lennar by 21.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,985 shares of the construction company’s stock worth $271,000 after purchasing an additional 356 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays dropped their price objective on Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group decreased their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. Keefe, Bruyette & Woods cut their price objective on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Finally, Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.38.

Lennar Trading Up 4.1 %

Lennar stock opened at $137.84 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a 50-day moving average of $149.60 and a 200-day moving average of $167.21. The company has a market cap of $37.39 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.32 and a beta of 1.66. Lennar Co. has a one year low of $128.41 and a one year high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings data 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 firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned $4.82 EPS. On average, equities analysts expect that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

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.