Fidelis Capital Partners LLC Raises Position in Lennar Co. (NYSE:LEN)

Fidelis Capital Partners LLC increased its stake in shares of Lennar Co. (NYSE:LEN) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,457 shares of the construction company’s stock after acquiring an additional 180 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Lennar were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LEN. Smead Capital Management Inc. grew its stake in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after acquiring an additional 89,896 shares in the last quarter. Verition Fund Management LLC grew its position in Lennar by 147.6% in the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares in the last quarter. Polianta Ltd purchased a new stake in Lennar in the 4th quarter valued at about $900,000. OneDigital Investment Advisors LLC lifted its position in shares of Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after buying an additional 4,363 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after buying an additional 397,492 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LEN. Wedbush reissued a “neutral” rating and issued a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. Barclays cut their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America decreased their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Royal Bank of Canada dropped their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus price target of $163.88.

Lennar Trading Up 0.9 %

Shares of Lennar stock opened at $118.97 on Wednesday. The company’s 50-day moving average price is $129.92 and its 200-day moving average price is $158.59. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.67. Lennar Co. has a 12-month low of $116.67 and a 12-month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.82 earnings per share. On average, equities analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Lennar Company 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.