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

Fidelis Capital Partners LLC purchased a new stake in Lennar Co. (NYSE:LEN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,843 shares of the construction company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEN. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Lennar in the third quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in Lennar in the third quarter valued at approximately $28,000. BluePath Capital Management LLC purchased a new stake in Lennar in the third quarter valued at approximately $29,000. Coppell Advisory Solutions LLC purchased a new stake in Lennar in the second quarter valued at approximately $46,000. Finally, NBC Securities Inc. purchased a new stake in Lennar in the third quarter valued at approximately $56,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Down 1.5 %

Lennar stock opened at $150.19 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The firm has a market capitalization of $41.80 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.53. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59. The stock’s fifty day moving average is $159.57 and its two-hundred day moving average is $142.54.

Lennar (NYSE:LEN) last posted 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. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. Lennar’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share. Analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s payout ratio is currently 14.02%.

Insider Activity at Lennar

In related news, Director Amy Banse acquired 1,575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average price of $157.00 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 9.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup boosted their price objective on Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company upped their price target on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods upped their price target on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upped their price target on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada cut their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has an average rating of “Moderate Buy” and a consensus target price of $163.88.

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.