Capital Insight Partners LLC Has $1.18 Million Stock Position in Lennar Co. (NYSE:LEN)

by · The Cerbat Gem

Capital Insight Partners LLC grew its position in Lennar Co. (NYSE:LEN – Free Report) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,310 shares of the construction company’s stock after buying an additional 240 shares during the period. Capital Insight Partners LLC’s holdings in Lennar were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Lennar by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after acquiring an additional 396,951 shares in the last quarter. D1 Capital Partners L.P. lifted its position in Lennar by 428.9% in 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 in the last quarter. Marshall Wace LLP lifted its position in Lennar by 20.9% in the 2nd quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock valued at $302,084,000 after acquiring an additional 348,553 shares in the last quarter. Nordea Investment Management AB lifted its position in Lennar by 3.6% in the 1st quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock valued at $303,585,000 after acquiring an additional 60,713 shares in the last quarter. Finally, Eminence Capital LP lifted its position in Lennar by 14.6% in the 2nd quarter. Eminence Capital LP now owns 655,368 shares of the construction company’s stock valued at $98,220,000 after acquiring an additional 83,316 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LEN shares. Barclays boosted their price target on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Wedbush reissued a “neutral” rating and set a $144.00 price target on shares of Lennar in a research report on Friday, September 20th. Bank Of America (Bofa) boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, BTIG Research cut their price target on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $181.11.

Get Our Latest Stock Analysis on Lennar

Lennar Price Performance

NYSE:LEN traded down $1.88 during mid-day trading on Thursday, reaching $178.57. The stock had a trading volume of 611,804 shares, compared to its average volume of 2,063,395. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The stock has a market capitalization of $49.04 billion, a PE ratio of 12.27, a P/E/G ratio of 1.71 and a beta of 1.61. The stock has a 50-day simple moving average of $179.82 and a two-hundred day simple moving average of $166.02.

Lennar (NYSE:LEN – Get Free Report) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter last year, the business posted $3.91 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Lennar Co. will post 14.13 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.12%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Lennar 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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