Polianta Ltd Invests $900,000 in Lennar Co. (NYSE:LEN)

Polianta Ltd purchased a new stake in Lennar Co. (NYSE:LEN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,600 shares of the construction company’s stock, valued at approximately $900,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. boosted its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in Lennar in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC grew its stake in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Lennar during the 3rd quarter valued at approximately $30,000. Finally, Asset Dedication LLC lifted its stake in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of Lennar stock opened at $141.55 on Friday. The business’s 50 day moving average price is $152.92 and its 200 day moving average price is $167.32. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.21 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a one year low of $128.41 and a one year high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the firm posted $4.82 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. On average, research analysts predict that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Citigroup reduced their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective on the stock in a report on Friday, January 10th. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $171.50.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.36% of the stock is owned by insiders.

About Lennar

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.