Everpar Advisors LLC Buys Shares of 9,026 Lennar Co. (NYSE:LEN)

Everpar Advisors LLC purchased a new position in shares of Lennar Co. (NYSE:LEN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,026 shares of the construction company’s stock, valued at approximately $1,345,000. Lennar comprises 0.6% of Everpar Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

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

Lennar Trading Down 1.6 %

LEN traded down $2.63 on Wednesday, hitting $158.47. 1,362,133 shares of the company were exchanged, compared to its average volume of 2,046,213. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a market capitalization of $44.11 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The firm has a fifty day simple moving average of $160.08 and a two-hundred day simple moving average of $146.69.

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

Lennar Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group upped their price target on shares of Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. lowered their price target on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Keefe, Bruyette & Woods boosted their price objective on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Barclays raised their target price on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, Evercore ISI boosted their price target 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. Three research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $163.88.

Insider Buying and Selling

In other news, Director Amy Banse bought 1,575 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average price of $157.00 per share, with a total value of $247,275.00. Following the transaction, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.36% of the stock is owned by insiders.

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.