Lennar Co. (NYSE:LEN) Shares Acquired by Kwmg LLC

Kwmg LLC increased its position in Lennar Co. (NYSE:LEN) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,812 shares of the construction company’s stock after buying an additional 152 shares during the quarter. Kwmg LLC’s holdings in Lennar were worth $4,747,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of Lennar in the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new stake in shares of Lennar in the 3rd quarter valued at approximately $30,000. Asset Dedication LLC boosted its stake in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Lennar during the 4th quarter valued at $32,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Barclays lowered their price objective on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price target on the stock in a report on Friday. Bank of America lifted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, JMP Securities lifted their price target on Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.50.

Insider Activity

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.36% of the stock is currently owned by corporate insiders.

Lennar Stock Performance

Lennar stock traded up $1.91 on Monday, hitting $131.47. The company’s stock had a trading volume of 2,905,012 shares, compared to its average volume of 2,644,859. The company has a fifty day moving average price of $156.42 and a 200-day moving average price of $167.80. The firm has a market cap of $35.66 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.82 EPS. On average, equities analysts anticipate that Lennar Co. will post 14.11 earnings per share for the current year.

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.