Westfield Capital Management Co. LP Buys 1,005 Shares of Lennar Co. (NYSE:LEN)

Westfield Capital Management Co. LP increased its stake in Lennar Co. (NYSE:LENFree Report) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,417 shares of the construction company’s stock after acquiring an additional 1,005 shares during the period. Westfield Capital Management Co. LP’s holdings in Lennar were worth $6,769,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LEN. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Lennar in the third quarter worth $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar in the third quarter worth $28,000. Criterion Capital Advisors LLC bought a new stake in shares of Lennar during the fourth quarter worth $36,000. NBC Securities Inc. purchased a new stake in shares of Lennar during the third quarter valued at $56,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Lennar by 34.3% during the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock valued at $56,000 after purchasing an additional 127 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Up 1.2 %

Shares of LEN traded up $1.86 during mid-day trading on Friday, hitting $156.38. 1,198,196 shares of the company traded hands, compared to its average volume of 1,488,731. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $172.59. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $43.53 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. The business has a 50 day moving average of $160.34 and a 200 day moving average of $151.14.

Lennar (NYSE:LENGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Lennar Co. will post 14.46 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. Lennar’s dividend payout ratio is currently 14.02%.

Insider Activity at Lennar

In other news, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. In other news, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the sale, the executive vice president now owns 128,629 shares in the company, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. 9.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research note on Thursday, March 14th. Royal Bank of Canada lowered their target price on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Evercore ISI upped their price objective on shares of Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $144.00 price objective on shares of Lennar in a research note on Tuesday, April 2nd. Three investment 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. According to data from MarketBeat.com, Lennar currently has an average rating of “Moderate Buy” and an average price target of $163.88.

Check Out Our Latest Stock Analysis on LEN

About Lennar

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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