Centaurus Financial Inc. Has $551,000 Stake in Lennar Co. (NYSE:LEN)

Centaurus Financial Inc. grew its holdings in shares of Lennar Co. (NYSE:LEN) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,937 shares of the construction company’s stock after acquiring an additional 71 shares during the period. Centaurus Financial Inc.’s holdings in Lennar were worth $551,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LEN. Pacer Advisors Inc. increased its holdings in Lennar by 15.1% in the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares in the last quarter. Smead Capital Management Inc. increased its stake in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after acquiring an additional 89,896 shares in the last quarter. D1 Capital Partners L.P. lifted its position in shares of Lennar by 428.9% during the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after acquiring an additional 1,962,447 shares during the period. Marshall Wace LLP boosted its stake in Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock worth $302,084,000 after acquiring an additional 348,553 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in Lennar by 14.6% in the second quarter. Eminence Capital LP now owns 655,368 shares of the construction company’s stock worth $98,220,000 after purchasing an additional 83,316 shares during the period. 81.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated Monday, October 28th. The shares were 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 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 at the SEC website. Corporate insiders own 9.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $144.00 price objective on shares of Lennar in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their price objective on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Citigroup upped their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Evercore ISI reduced their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. Finally, Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $180.56.

Lennar Stock Down 3.0 %

LEN stock opened at $173.35 on Wednesday. Lennar Co. has a 1-year low of $125.17 and a 1-year high of $193.80. The stock has a market cap of $47.02 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.58 and a beta of 1.62. The stock’s fifty day simple moving average is $177.58 and its two-hundred day simple moving average is $169.53. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the prior year, the business earned $3.91 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is 13.25%.

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.