Hilltop Partners LLC Has $769,000 Stock Position in Lennar Co. (NYSE:LEN)

Hilltop Partners LLC increased its position in shares of Lennar Co. (NYSE:LEN) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,639 shares of the construction company’s stock after acquiring an additional 789 shares during the quarter. Hilltop Partners LLC’s holdings in Lennar were worth $769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its stake in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in Lennar in the fourth quarter valued at approximately $32,000. Wolff Wiese Magana LLC raised its position in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lennar in the 3rd quarter valued at $39,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Down 1.0 %

NYSE LEN opened at $120.34 on Friday. Lennar Co. has a 52 week low of $117.90 and a 52 week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock’s 50 day moving average price is $131.07 and its two-hundred day moving average price is $159.81. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the firm earned $4.82 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LEN. Citigroup decreased their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada reduced their price objective on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Finally, Wells Fargo & Company decreased their price target on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus price target 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.