Shufro Rose & Co. LLC Sells 905 Shares of Lennar Co. (NYSE:LEN)

Shufro Rose & Co. LLC reduced its stake in shares of Lennar Co. (NYSE:LEN) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,389 shares of the construction company’s stock after selling 905 shares during the period. Shufro Rose & Co. LLC’s holdings in Lennar were worth $10,193,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Lennar by 97.5% during the 3rd quarter. IFP Advisors Inc now owns 547 shares of the construction company’s stock worth $61,000 after buying an additional 270 shares in the last quarter. Czech National Bank raised its position in Lennar by 46.9% in the third quarter. Czech National Bank now owns 44,137 shares of the construction company’s stock valued at $4,953,000 after purchasing an additional 14,096 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Lennar by 6.4% in the third quarter. Asset Management One Co. Ltd. now owns 110,666 shares of the construction company’s stock valued at $12,420,000 after buying an additional 6,631 shares in the last quarter. Golden State Equity Partners grew its stake in Lennar by 9.9% during the 3rd quarter. Golden State Equity Partners now owns 3,170 shares of the construction company’s stock worth $356,000 after purchasing an additional 286 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in Lennar by 20.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 14,341 shares of the construction company’s stock worth $1,609,000 after purchasing an additional 2,413 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse bought 1,575 shares of the stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the purchase, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.36% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LEN shares. Evercore ISI upped their price target on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Keefe, Bruyette & Woods increased their price target on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. lowered their price target on Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Royal Bank of Canada lowered their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, March 14th. Finally, UBS Group raised their target price on Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

Lennar Stock Up 1.0 %

Shares of NYSE:LEN traded up $1.50 during midday trading on Friday, reaching $154.29. The company had a trading volume of 1,348,527 shares, compared to its average volume of 2,075,435. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The stock’s fifty day moving average price is $159.58 and its 200-day moving average price is $144.06. The stock has a market capitalization of $42.95 billion, a P/E ratio of 10.81, a PEG ratio of 1.44 and a beta of 1.53. Lennar Co. has a one year low of $102.90 and a one year high of $172.59.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts expect that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.30%. Lennar’s payout ratio is 14.02%.

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.