LRI Investments LLC Has $557,000 Stock Position in Lennar Co. (NYSE:LEN)

LRI Investments LLC lifted its holdings in shares of Lennar Co. (NYSE:LEN) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,973 shares of the construction company’s stock after buying an additional 154 shares during the period. LRI Investments LLC’s holdings in Lennar were worth $557,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new position in shares of Lennar during the 3rd quarter worth $27,000. Wolff Wiese Magana LLC raised its holdings 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 buying an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the 3rd quarter worth $30,000. Asset Dedication LLC raised its holdings in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, DT Investment Partners LLC raised its holdings 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 buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Up 1.6 %

Shares of NYSE:LEN opened at $166.01 on Tuesday. The business’s 50 day simple moving average is $174.76 and its two-hundred day simple moving average is $170.01. The firm has a market cap of $45.03 billion, a P/E ratio of 10.99, a PEG ratio of 1.35 and a beta of 1.61. 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 Co. has a 52-week low of $137.95 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 earnings per share. As a group, research analysts forecast that Lennar Co. will post 14.11 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.20%. Lennar’s payout ratio is currently 13.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LEN shares. Bank of America boosted their price objective on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Evercore ISI reduced their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. Barclays boosted their price objective on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Citigroup boosted their price objective on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $184.29.

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.