Greenleaf Trust Acquires 135 Shares of Lennar Co. (NYSE:LEN)

Greenleaf Trust grew its holdings in Lennar Co. (NYSE:LEN) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,125 shares of the construction company’s stock after acquiring an additional 135 shares during the quarter. Greenleaf Trust’s holdings in Lennar were worth $961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in Lennar during the third quarter worth about $27,000. Wolff Wiese Magana LLC increased its stake in shares of Lennar by 933.3% in 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 period. J.Safra Asset Management Corp acquired a new position in shares of Lennar in the first quarter valued at approximately $30,000. New Covenant Trust Company N.A. acquired a new position in shares of Lennar in the first quarter valued at approximately $32,000. Finally, Asset Dedication LLC increased its stake in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after buying an additional 169 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of Lennar stock opened at $175.94 on Friday. The business has a 50 day moving average of $181.94 and a 200 day moving average of $167.02. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The company has a market cap of $48.31 billion, a PE ratio of 11.96, a P/E/G ratio of 1.68 and a beta of 1.61. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $193.80.

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

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.14%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Ratings Changes

A number of research firms have weighed in on LEN. Bank Of America (Bofa) increased their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Evercore ISI decreased their target price 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. Bank of America increased their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. JMP Securities increased their target price on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada increased their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Lennar 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.