Diversified Trust Co Has $895,000 Holdings in Lennar Co. (NYSE:LEN)

Diversified Trust Co cut its holdings in Lennar Co. (NYSE:LEN) by 21.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,560 shares of the construction company’s stock after selling 1,752 shares during the period. Diversified Trust Co’s holdings in Lennar were worth $895,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Lennar in the third quarter worth about $27,000. Wolff Wiese Magana LLC increased its stake in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new position in shares of Lennar in the third quarter worth about $30,000. Asset Dedication LLC increased its stake in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, DT Investment Partners LLC increased its stake in shares of Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after purchasing an additional 157 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Up 0.3 %

Shares of LEN opened at $133.52 on Friday. The company has a market capitalization of $36.22 billion, a P/E ratio of 8.84, a PEG ratio of 1.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a one year low of $130.91 and a one year high of $193.80. The business’s 50 day simple moving average is $157.23 and its 200-day simple moving average is $167.69.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.82 EPS. As a group, sell-side analysts predict that Lennar Co. will post 14.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LEN shares. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. JMP Securities boosted their price target on Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 25th. Evercore ISI lowered their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group lowered their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.50.

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.