Atlantic Union Bankshares Corp Purchases 939 Shares of Lennar Co. (NYSE:LEN)

Atlantic Union Bankshares Corp boosted its position in Lennar Co. (NYSE:LEN) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,908 shares of the construction company’s stock after acquiring an additional 939 shares during the period. Atlantic Union Bankshares Corp’s holdings in Lennar were worth $4,351,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stephens Inc. AR acquired a new position in Lennar in the third quarter valued at about $228,000. Concurrent Investment Advisors LLC lifted its stake in Lennar by 5.6% in the third quarter. Concurrent Investment Advisors LLC now owns 4,685 shares of the construction company’s stock valued at $878,000 after buying an additional 250 shares during the period. Portside Wealth Group LLC raised its position in shares of Lennar by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,871 shares of the construction company’s stock worth $351,000 after purchasing an additional 84 shares during the period. Stiles Financial Services Inc raised its position in shares of Lennar by 4.5% during the third quarter. Stiles Financial Services Inc now owns 7,020 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 302 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Lennar during the third quarter worth about $2,352,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wedbush reaffirmed a “neutral” rating and set a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Keefe, Bruyette & Woods decreased their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Finally, BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Price Performance

Shares of NYSE LEN opened at $125.24 on Friday. The stock has a market capitalization of $33.25 billion, a PE ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The business has a fifty day moving average price of $129.11 and a two-hundred day moving average price of $157.76. Lennar Co. has a fifty-two week low of $116.67 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the firm earned $4.82 EPS. The company’s revenue was down 9.3% on a year-over-year basis. As a group, equities analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is 13.95%.

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.