Avalon Trust Co Buys 315 Shares of Lennar Co. (NYSE:LEN)

Avalon Trust Co lifted its holdings in shares of Lennar Co. (NYSE:LEN) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,315 shares of the construction company’s stock after purchasing an additional 315 shares during the quarter. Avalon Trust Co’s holdings in Lennar were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Lennar during the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. increased its holdings in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Lennar during the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Lennar during the third quarter worth approximately $39,000. Finally, Quarry LP increased its holdings in shares of Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after purchasing an additional 134 shares during the period. 81.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LEN shares. Wells Fargo & Company decreased their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Wedbush reissued a “neutral” rating and issued a $164.00 price objective on shares of Lennar in a research note on Thursday, December 19th. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Barclays decreased their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.93.

Lennar Price Performance

Shares of NYSE:LEN opened at $118.06 on Friday. The firm has a market cap of $31.35 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The firm’s fifty day moving average is $127.53 and its 200-day moving average is $155.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 52 week low of $115.61 and a 52 week high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.82 EPS. Sell-side analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.69%. Lennar’s 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.