Chartist Inc. CA Invests $228,000 in Lennar Co. (LEN)

Chartist Inc. CA acquired a new position in shares of Lennar Co. (NYSE:LEN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,609 shares of the construction company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. QS Investors LLC grew its stake in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares during the period. First Personal Financial Services acquired a new stake in shares of Lennar during the 4th quarter worth approximately $140,000. Independence Bank of Kentucky acquired a new stake in shares of Lennar during the 4th quarter worth approximately $153,000. NuWave Investment Management LLC acquired a new stake in shares of Lennar during the 4th quarter worth approximately $203,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Lennar during the 4th quarter worth approximately $228,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Lennar Co. (NYSE LEN) opened at $61.30 on Thursday. The company has a quick ratio of 1.67, a current ratio of 8.42 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $14,106.19, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26. Lennar Co. has a fifty-two week low of $45.75 and a fifty-two week high of $72.17.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.00%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. equities research analysts forecast that Lennar Co. will post 5.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. Lennar’s payout ratio is currently 4.68%.

A number of equities research analysts recently issued reports on LEN shares. Credit Suisse Group reissued a “neutral” rating and issued a $65.00 price target (up previously from $57.00) on shares of Lennar in a research note on Thursday, January 11th. Wells Fargo & Co raised shares of Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine raised shares of Lennar from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $77.00 price target on shares of Lennar in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Lennar has a consensus rating of “Buy” and a consensus price target of $67.93.

In other Lennar news, VP Diane J. Bessette sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $69.50, for a total value of $695,000.00. Following the transaction, the vice president now owns 222,396 shares in the company, valued at approximately $15,456,522. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The disclosure for this sale can be found here. Insiders sold a total of 180,000 shares of company stock worth $12,392,050 in the last 90 days. 12.18% of the stock is currently owned by insiders.

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Lennar Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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