FNY Investment Advisers LLC Raises Position in Lennar Co. (NYSE:LEN)

FNY Investment Advisers LLC grew its position in shares of Lennar Co. (NYSE:LEN) by 220.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,090 shares of the construction company’s stock after buying an additional 750 shares during the quarter. FNY Investment Advisers LLC’s holdings in Lennar were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in Lennar during the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC boosted its position in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Lennar in the 3rd quarter worth about $30,000. Asset Dedication LLC lifted its stake in 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, ORG Wealth Partners LLC purchased a new stake in shares of Lennar during the 4th quarter valued at about $32,000. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LEN shares. Wedbush restated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. The Goldman Sachs Group cut their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Barclays reduced their price target on Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target 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, Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. One 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $171.50.

Lennar Stock Performance

NYSE:LEN opened at $135.00 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.28 and a beta of 1.66. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The stock’s 50 day simple moving average is $154.76 and its two-hundred day simple moving average is $167.57.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the company earned $4.82 EPS. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

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.