Lennar Co. (NYSE:LEN) Stock Position Raised by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lifted its stake in shares of Lennar Co. (NYSE:LEN) by 24.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,412 shares of the construction company’s stock after purchasing an additional 274 shares during the period. Rosenberg Matthew Hamilton’s holdings in Lennar were worth $193,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in Lennar during the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new stake in shares of Lennar in the 3rd quarter valued at approximately $30,000. Asset Dedication LLC boosted its stake in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, ORG Wealth Partners LLC purchased a new position in Lennar during the 4th quarter worth approximately $32,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

NYSE:LEN opened at $131.47 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The company has a fifty day moving average price of $155.60 and a 200 day moving average price of $167.68. The stock has a market cap of $35.66 billion, a P/E ratio of 8.71, a PEG ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the company posted $4.82 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts anticipate that Lennar Co. will post 14.11 earnings per share for the current year.

Insider Transactions at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LEN has been the subject of several recent analyst reports. Citigroup decreased their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Evercore ISI decreased their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Royal Bank of Canada raised shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective on the stock in a research report on Friday. Finally, Wells Fargo & Company cut their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Lennar currently has an average rating of “Hold” and an average target price of $171.50.

Lennar 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.