Stiles Financial Services Inc Has $1.32 Million Holdings in Lennar Co. (NYSE:LEN)

Stiles Financial Services Inc raised its stake in Lennar Co. (NYSE:LEN) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,020 shares of the construction company’s stock after purchasing an additional 302 shares during the period. Stiles Financial Services Inc’s holdings in Lennar were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new position in Lennar in the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its position in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Lennar in the first quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in Lennar in the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Lennar in the first quarter valued at $32,000. 81.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Up 1.6 %

LEN opened at $171.41 on Friday. The firm has a 50-day simple moving average of $180.77 and a two-hundred day simple moving average of $168.09. Lennar Co. has a 52 week low of $118.92 and a 52 week high of $193.80. The company has a market capitalization of $46.49 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 earnings per share. Analysts forecast that Lennar Co. will post 14.18 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, October 9th. Lennar’s payout ratio is 13.25%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their price objective on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Evercore ISI reduced their target price on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. The Goldman Sachs Group downgraded Lennar from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Keefe, Bruyette & Woods upped their target price on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, Bank Of America (Bofa) boosted their price target on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Hold” and a consensus price target of $180.56.

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.