Greenleaf Trust Buys 131 Shares of Lennar Co. (NYSE:LEN)

Greenleaf Trust increased its stake in Lennar Co. (NYSE:LEN) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,048 shares of the construction company’s stock after purchasing an additional 131 shares during the period. Greenleaf Trust’s holdings in Lennar were worth $752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coastline Trust Co raised its position in Lennar by 80.8% during the 4th quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock valued at $3,654,000 after purchasing an additional 10,957 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Lennar by 6,297.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company’s stock valued at $98,706,000 after purchasing an additional 651,924 shares during the last quarter. PGGM Investments raised its position in Lennar by 16.3% during the 3rd quarter. PGGM Investments now owns 88,872 shares of the construction company’s stock valued at $9,974,000 after purchasing an additional 12,469 shares during the last quarter. Patton Fund Management Inc. bought a new position in Lennar during the 4th quarter valued at approximately $5,367,000. Finally, Ieq Capital LLC raised its position in Lennar by 7.0% during the 3rd quarter. Ieq Capital LLC now owns 1,808 shares of the construction company’s stock valued at $203,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN opened at $150.19 on Monday. The business’s fifty day simple moving average is $159.57 and its two-hundred day simple moving average is $142.78. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.40 and a beta of 1.53.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $7.39 billion. During the same period last year, the business posted $2.12 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Research analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Lennar’s dividend payout ratio (DPR) is currently 14.02%.

Insider Buying and Selling

In other news, Director Amy Banse acquired 1,575 shares of the business’s stock in a transaction that occurred on 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 directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LEN has been the subject of several research reports. Citigroup increased their target price on Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their target price on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Evercore ISI increased their target price on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Finally, Royal Bank of Canada decreased their target price on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.