One Wealth Capital Management LLC Acquires New Position in Lennar Co. (NYSE:LEN)

One Wealth Capital Management LLC bought a new position in shares of Lennar Co. (NYSE:LEN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,804 shares of the construction company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. D1 Capital Partners L.P. grew its stake in shares of Lennar by 428.9% during the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock worth $362,685,000 after purchasing an additional 1,962,447 shares during the period. Holocene Advisors LP bought a new position in Lennar during the third quarter worth about $115,229,000. Nordea Investment Management AB grew its position in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after buying an additional 397,492 shares during the period. Pacer Advisors Inc. increased its stake in shares of Lennar by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after acquiring an additional 396,951 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Lennar by 258.3% in the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock valued at $92,774,000 after acquiring an additional 356,731 shares during the period. 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 dated Monday, October 28th. The shares were 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 approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LEN. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. The Goldman Sachs Group lowered their price objective 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. Bank Of America (Bofa) boosted their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Royal Bank of Canada decreased their price objective on Lennar from $160.00 to $130.00 and set an “underperform” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $172.31.

Lennar Stock Down 1.5 %

NYSE:LEN traded down $2.05 on Tuesday, hitting $133.01. 1,692,685 shares of the company’s stock were exchanged, compared to its average volume of 1,973,922. The company has a market cap of $36.08 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. The firm has a 50-day moving average price of $159.47 and a 200-day moving average price of $168.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a 52 week low of $132.90 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly 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 11.51% and a return on equity of 15.47%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the business earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts expect that Lennar Co. will post 14.11 EPS 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.