Avalon Trust Co Has $1.27 Million Stake in Lennar Co. (NYSE:LEN)

Avalon Trust Co raised its stake in Lennar Co. (NYSE:LEN) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,315 shares of the construction company’s stock after purchasing an additional 315 shares during the period. Avalon Trust Co’s holdings in Lennar were worth $1,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEN. Holocene Advisors LP bought a new stake in Lennar in the third quarter valued at $115,229,000. Pacer Advisors Inc. increased its stake in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Nordea Investment Management AB increased its stake in Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after purchasing an additional 397,492 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Lennar by 2,774.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock valued at $16,793,000 after purchasing an additional 118,858 shares in the last quarter. Finally, Prana Capital Management LP increased its stake in Lennar by 68.6% in the third quarter. Prana Capital Management LP now owns 288,661 shares of the construction company’s stock valued at $54,118,000 after purchasing an additional 117,430 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on LEN shares. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased 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. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Finally, Citigroup decreased their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lennar presently has a consensus rating of “Hold” and an average price target of $165.93.

Lennar Trading Up 1.5 %

NYSE:LEN opened at $118.06 on Friday. Lennar Co. has a 52 week low of $115.61 and a 52 week high of $187.61. The firm has a 50-day moving average price of $127.53 and a two-hundred day moving average price of $155.48. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the company earned $4.82 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. On average, equities analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 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.