Coastline Trust Co Grows Holdings in Lennar Co. (NYSE:LEN)

Coastline Trust Co raised its stake in shares of Lennar Co. (NYSE:LENFree Report) by 80.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,515 shares of the construction company’s stock after acquiring an additional 10,957 shares during the period. Coastline Trust Co’s holdings in Lennar were worth $3,654,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Lennar during the 3rd quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Lennar during the third quarter worth about $28,000. BluePath Capital Management LLC acquired a new stake in shares of Lennar during the third quarter worth about $29,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Lennar during the second quarter worth about $46,000. Finally, West Tower Group LLC acquired a new stake in shares of Lennar during the second quarter worth about $57,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of LEN traded down $5.34 during trading hours on Tuesday, hitting $162.47. 2,449,328 shares of the stock were exchanged, compared to its average volume of 2,092,702. 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 $100.95 and a 12-month high of $172.59. The company has a market cap of $45.62 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.53. The stock’s 50-day moving average price is $157.22 and its two-hundred day moving average price is $138.24.

Lennar (NYSE:LENGet Free Report) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, topping 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 firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the business earned $2.12 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts expect that Lennar Co. will post 14.24 earnings per share for the current year.

Lennar Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were issued a $0.50 dividend. This is a boost from Lennar’s previous quarterly dividend of $0.38. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, January 23rd. Lennar’s dividend payout ratio is presently 14.02%.

Analyst Ratings Changes

A number of equities research analysts recently commented on LEN shares. Evercore ISI lifted their target price on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a report on Friday, March 15th. Keefe, Bruyette & Woods boosted their price target on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a report on Thursday, March 14th. Finally, Raymond James boosted their price target on Lennar from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.69.

Read Our Latest Analysis on LEN

Lennar Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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