Sapient Capital LLC Has $14.74 Million Stake in Lennar Co. (NYSE:LEN)

Sapient Capital LLC raised its stake in shares of Lennar Co. (NYSE:LEN) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,084 shares of the construction company’s stock after acquiring an additional 1,261 shares during the quarter. Sapient Capital LLC’s holdings in Lennar were worth $14,739,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Burns Matteson Capital Management LLC bought a new stake in Lennar during the fourth quarter worth about $240,000. Stiles Financial Services Inc boosted its holdings in shares of Lennar by 11.8% in the 4th quarter. Stiles Financial Services Inc now owns 7,847 shares of the construction company’s stock worth $1,070,000 after acquiring an additional 827 shares in the last quarter. Tevis Investment Management increased its holdings in Lennar by 38.1% during the 4th quarter. Tevis Investment Management now owns 4,914 shares of the construction company’s stock valued at $670,000 after purchasing an additional 1,355 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in Lennar by 6.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,239 shares of the construction company’s stock valued at $442,000 after purchasing an additional 189 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Lennar by 60.4% during the fourth quarter. Vest Financial LLC now owns 234,798 shares of the construction company’s stock worth $32,019,000 after purchasing an additional 88,391 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.6 %

NYSE:LEN opened at $122.61 on Tuesday. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.28 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $141.34 and a two-hundred day moving average price of $164.66. Lennar Co. has a 1 year low of $121.40 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the company posted $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio is 13.95%.

Analyst Upgrades and Downgrades

LEN has been the topic of several research reports. Barclays reduced their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada lowered their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and an average price target of $167.19.

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.