ORG Wealth Partners LLC Takes $32,000 Position in Lennar Co. (NYSE:LEN)

ORG Wealth Partners LLC purchased a new stake in Lennar Co. (NYSE:LEN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 233 shares of the construction company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Lennar by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 203,639 shares of the construction company’s stock worth $27,770,000 after buying an additional 723 shares during the period. One Wealth Capital Management LLC acquired a new stake in Lennar during the 4th quarter worth $246,000. Nordea Investment Management AB raised its position in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after acquiring an additional 397,492 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Lennar in the 3rd quarter worth $2,543,000. Finally, Synovus Financial Corp grew its stake in shares of Lennar by 1.3% during the third quarter. Synovus Financial Corp now owns 47,348 shares of the construction company’s stock worth $8,877,000 after purchasing an additional 627 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LEN shares. Citigroup reduced their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Wedbush reiterated a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JMP Securities lifted their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Lennar presently has an average rating of “Hold” and an average target price of $171.50.

Lennar Price Performance

NYSE LEN opened at $129.58 on Friday. The firm’s 50 day moving average is $156.42 and its 200-day moving average is $167.54. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $35.15 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. Lennar Co. has a 12-month low of $129.36 and a 12-month high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $4.82 earnings per share. Equities research analysts anticipate that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

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.