Lennar Co. (NYSE:LEN) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC decreased its stake in Lennar Co. (NYSE:LEN) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,589 shares of the construction company’s stock after selling 103 shares during the period. Prudent Man Advisors LLC’s holdings in Lennar were worth $860,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of Lennar by 15.1% during the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares in the last quarter. D1 Capital Partners L.P. boosted its holdings in Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after purchasing an additional 1,962,447 shares during the last quarter. Marshall Wace LLP increased its holdings in Lennar by 20.9% during the 2nd quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after purchasing an additional 348,553 shares during the last quarter. Eminence Capital LP boosted its stake in shares of Lennar by 14.6% during the 2nd quarter. Eminence Capital LP now owns 655,368 shares of the construction company’s stock valued at $98,220,000 after buying an additional 83,316 shares during the last quarter. Finally, Bamco Inc. NY grew its position in shares of Lennar by 3.8% during the first quarter. Bamco Inc. NY now owns 648,867 shares of the construction company’s stock worth $111,592,000 after buying an additional 23,483 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 9.36% of the company’s stock.

Lennar Trading Down 0.6 %

NYSE LEN opened at $168.85 on Monday. The firm’s 50 day moving average price is $179.35 and its two-hundred day moving average price is $168.99. The stock has a market cap of $45.80 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.58 and a beta of 1.62. Lennar Co. has a twelve month low of $125.17 and a twelve month high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 EPS. Equities analysts anticipate that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is presently 13.25%.

Wall Street Analysts Forecast Growth

LEN has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Lennar from $190.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group downgraded Lennar from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Citigroup upped their price target on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $180.56.

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.