Lennar Co. (NYSE:LEN) Holdings Lifted by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC grew its position in Lennar Co. (NYSE:LEN) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,204 shares of the construction company’s stock after purchasing an additional 336 shares during the period. Beaumont Financial Advisors LLC’s holdings in Lennar were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in shares of Lennar by 551.1% in the first quarter. First Trust Advisors LP now owns 1,824,684 shares of the construction company’s stock valued at $191,793,000 after acquiring an additional 1,544,432 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Lennar by 6,297.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company’s stock valued at $98,706,000 after acquiring an additional 651,924 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Lennar by 47.6% in the third quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock valued at $168,486,000 after acquiring an additional 484,056 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of Lennar in the fourth quarter valued at approximately $39,991,000. Finally, Nomura Holdings Inc. boosted its holdings in shares of Lennar by 236.0% in the first quarter. Nomura Holdings Inc. now owns 229,341 shares of the construction company’s stock valued at $24,106,000 after acquiring an additional 397,951 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Amy Banse bought 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on LEN shares. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. UBS Group increased their target price on shares of Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Royal Bank of Canada cut their target price on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Evercore ISI increased their target price 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. Finally, JMP Securities reissued a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research note on Friday, March 15th. 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 stock. Based on data from MarketBeat.com, Lennar currently has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Lennar Stock Down 1.5 %

LEN stock opened at $150.19 on Friday. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $172.59. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.40 and a beta of 1.53. The company has a 50 day moving average of $159.57 and a two-hundred day moving average of $142.54.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current fiscal 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 given a $0.50 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. Lennar’s payout ratio is 14.02%.

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.