Burney Co. Acquires 845 Shares of Lennar Co. (NYSE:LEN)

Burney Co. increased its holdings in Lennar Co. (NYSE:LEN) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,738 shares of the construction company’s stock after purchasing an additional 845 shares during the period. Burney Co.’s holdings in Lennar were worth $1,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEN. Oakworth Capital Inc. acquired a new position in shares of Lennar in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC grew its position in Lennar by 933.3% in 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. bought a new position in shares of Lennar during the third quarter valued at $30,000. Asset Dedication LLC grew its holdings 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 worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, DT Investment Partners LLC increased its position in shares of Lennar by 523.3% during the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of LEN stock opened at $140.89 on Friday. The firm’s 50 day moving average price is $154.15 and its two-hundred day moving average price is $167.37. The stock has a market cap of $38.21 billion, a PE ratio of 9.82, a PEG ratio of 1.21 and a beta of 1.66. Lennar Co. has a 52-week low of $128.41 and a 52-week high of $193.80. 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 (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period last year, the firm earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts forecast that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

Insider Buying and Selling at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Keefe, Bruyette & Woods dropped their price target on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 20th. UBS Group reduced their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $171.50.

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.