Everence Capital Management Inc. Sells 3,680 Shares of Lennar Co. (NYSE:LEN)

Everence Capital Management Inc. lessened its holdings in Lennar Co. (NYSE:LEN) by 58.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,660 shares of the construction company’s stock after selling 3,680 shares during the quarter. Everence Capital Management Inc.’s holdings in Lennar were worth $396,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Lennar during the third quarter worth $27,000. Raleigh Capital Management Inc. bought a new position in shares of Lennar in the third quarter valued at about $28,000. BluePath Capital Management LLC bought a new position in shares of Lennar in the third quarter valued at about $29,000. Coppell Advisory Solutions LLC bought a new position in shares of Lennar in the second quarter valued at about $46,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar in the third quarter valued at about $56,000. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse acquired 1,575 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.36% of the company’s stock.

Lennar Trading Up 0.4 %

NYSE LEN opened at $152.49 on Friday. The stock has a market capitalization of $42.44 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.42 and a beta of 1.53. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The business’s fifty day moving average is $159.62 and its 200-day moving average is $142.03.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that Lennar Co. will post 14.46 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, April 23rd. Lennar’s payout ratio is presently 14.02%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LEN. Citigroup increased their price objective on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research note on Thursday, March 14th. Evercore ISI upped their price target on shares of Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.88.

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.