Everpar Advisors LLC Invests $1.35 Million in Lennar Co. (NYSE:LEN)

Everpar Advisors LLC bought a new stake in Lennar Co. (NYSE:LEN) in the fourth quarter, HoldingsChannel.com reports. The firm bought 9,026 shares of the construction company’s stock, valued at approximately $1,345,000. Lennar accounts for 0.6% of Everpar Advisors LLC’s portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. grew its position in shares of Lennar by 7.2% during the fourth quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock worth $153,000 after buying an additional 69 shares in the last quarter. Savant Capital LLC lifted its stake in Lennar by 0.9% in the fourth quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 78 shares during the last quarter. RFG Advisory LLC increased its position in shares of Lennar by 2.1% in the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after purchasing an additional 79 shares during the last quarter. FFT Wealth Management LLC lifted its position in shares of Lennar by 3.3% during the 4th quarter. FFT Wealth Management LLC now owns 2,646 shares of the construction company’s stock worth $394,000 after purchasing an additional 85 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Lennar by 1.2% during the fourth quarter. Private Advisor Group LLC now owns 8,366 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 97 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lennar

In related news, Director Amy Banse purchased 1,575 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.36% of the stock is owned by insiders.

Lennar Trading Down 1.6 %

LEN traded down $2.63 during trading on Wednesday, hitting $158.47. The company’s stock had a trading volume of 1,362,133 shares, compared to its average volume of 2,046,213. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $172.59. The firm’s 50 day moving average price is $160.08 and its 200-day moving average price is $146.69. 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 has a market cap of $44.11 billion, a PE ratio of 11.11, a PEG ratio of 1.48 and a beta of 1.55.

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

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. Lennar’s payout ratio is 14.02%.

Analysts Set New Price Targets

Several analysts recently commented on LEN shares. Wells Fargo & Company upped their price target on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. JMP Securities restated a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research report on Friday, March 15th. Wedbush reissued an “underperform” rating and set a $144.00 price target on shares of Lennar in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, UBS Group boosted their target price on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Lennar presently has a consensus 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.