Sapient Capital LLC Has $20.03 Million Stake in Lennar Co. (NYSE:LEN)

Sapient Capital LLC raised its holdings in Lennar Co. (NYSE:LEN) by 0.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 106,823 shares of the construction company’s stock after acquiring an additional 474 shares during the period. Sapient Capital LLC’s holdings in Lennar were worth $20,027,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LEN. Rise Advisors LLC lifted its holdings in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after buying an additional 121 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Lennar in the first quarter worth approximately $30,000. New Covenant Trust Company N.A. purchased a new position in Lennar during the 1st quarter worth $32,000. Redmont Wealth Advisors LLC purchased a new position in Lennar during the first quarter worth about $35,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Lennar by 223.6% in the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after acquiring an additional 161 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Price Performance

NYSE LEN opened at $178.48 on Monday. The stock has a market cap of $49.01 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.68 and a beta of 1.61. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $193.80. The company’s 50 day moving average is $179.93 and its two-hundred day moving average is $166.18. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.91 EPS. As a group, research analysts anticipate that Lennar Co. will post 14.28 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LEN shares. Evercore ISI reduced their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. JMP Securities lifted their price target on Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $180.00 to $174.00 in a research note on Monday, July 22nd. Bank of America raised their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Finally, Citigroup increased their price objective on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $181.11.

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.