Opinicus Capital Inc. Acquires New Shares in Lennar Co. (NYSE:LEN)

Opinicus Capital Inc. acquired a new stake in shares of Lennar Co. (NYSE:LEN) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,628 shares of the construction company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LEN. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Lennar during the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. bought a new position in Lennar in the 3rd quarter worth about $28,000. BluePath Capital Management LLC bought a new position in Lennar in the 3rd quarter worth about $29,000. Criterion Capital Advisors LLC bought a new position in Lennar in the 4th quarter worth about $36,000. Finally, NBC Securities Inc. bought a new position in Lennar in the 3rd quarter worth about $56,000. 81.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Lennar Trading Up 1.0 %

LEN stock traded up $1.50 during trading on Friday, hitting $154.29. 1,348,527 shares of the company traded hands, compared to its average volume of 2,075,435. The firm has a market capitalization of $42.95 billion, a PE ratio of 10.80, a P/E/G ratio of 1.43 and a beta of 1.53. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company has a 50-day moving average of $159.58 and a 200-day moving average of $143.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47.

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

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is currently 14.02%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wedbush restated an “underperform” rating and issued a $144.00 target price on shares of Lennar in a research note on Tuesday, April 2nd. Evercore ISI upped their target price on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. reduced their price objective on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Wells Fargo & Company increased their price objective on Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Lennar Company 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.