Lazari Capital Management Inc. Buys New Shares in Lennar Co. (NYSE:LEN)

Lazari Capital Management Inc. acquired a new stake in Lennar Co. (NYSE:LENFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,404 shares of the construction company’s stock, valued at approximately $209,000.

Other institutional investors have also recently made changes to their positions in the company. Syon Capital LLC raised its position in shares of Lennar by 18.5% during the fourth quarter. Syon Capital LLC now owns 4,559 shares of the construction company’s stock valued at $679,000 after buying an additional 711 shares during the last quarter. Centaurus Financial Inc. lifted its stake in Lennar by 12.3% in the 4th quarter. Centaurus Financial Inc. now owns 2,005 shares of the construction company’s stock worth $299,000 after purchasing an additional 220 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Lennar by 177.3% during the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock valued at $4,659,000 after purchasing an additional 19,985 shares in the last quarter. Cim LLC bought a new stake in shares of Lennar in the fourth quarter worth about $4,665,000. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of Lennar in the fourth quarter worth about $326,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

LEN has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Keefe, Bruyette & Woods increased their price target on shares of Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Wells Fargo & Company boosted their price objective on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. UBS Group lifted their target price on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, JMP Securities restated a “market outperform” rating and set a $170.00 price target on shares of Lennar in a report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $166.80.

Check Out Our Latest Analysis on Lennar

Lennar Stock Up 0.0 %

Lennar stock traded up $0.06 during trading hours on Friday, reaching $155.10. The stock had a trading volume of 3,115,504 shares, compared to its average volume of 1,832,964. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $172.59. The company has a market cap of $43.17 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.45 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The business’s 50 day moving average price is $157.57 and its 200-day moving average price is $154.34.

Lennar (NYSE:LENGet Free Report) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the prior year, the firm posted $2.12 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts anticipate that Lennar Co. will post 14.46 EPS for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. Lennar’s payout ratio is 14.02%.

Insider Activity

In other news, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock in a transaction on Friday, May 10th. The shares were sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the sale, the executive vice president now directly owns 128,629 shares in the company, valued at $20,927,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the sale, the executive vice president now owns 128,629 shares of the company’s stock, valued at $20,927,938.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Banse purchased 1,575 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The disclosure for this purchase can be found here. Corporate insiders own 9.36% of the company’s stock.

Lennar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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