Argonautica Private Wealth Management Inc. Has $614,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Argonautica Private Wealth Management Inc. decreased its holdings in shares of Lennar Co. (NYSE:LEN) by 4.9% in the 4th quarter, HoldingsChannel reports. The firm owned 4,123 shares of the construction company’s stock after selling 213 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Lennar were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Coastline Trust Co lifted its holdings in Lennar by 80.8% during the 4th quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock valued at $3,654,000 after purchasing an additional 10,957 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Lennar by 6,297.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company’s stock worth $98,706,000 after buying an additional 651,924 shares during the period. PGGM Investments increased its position in Lennar by 16.3% during the 3rd quarter. PGGM Investments now owns 88,872 shares of the construction company’s stock worth $9,974,000 after buying an additional 12,469 shares during the period. Patton Fund Management Inc. bought a new position in Lennar during the 4th quarter worth $5,367,000. Finally, Jennison Associates LLC increased its position in Lennar by 97.4% during the 4th quarter. Jennison Associates LLC now owns 354,711 shares of the construction company’s stock worth $52,866,000 after buying an additional 174,981 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LEN shares. JMP Securities restated a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a research report on Friday, March 15th. Evercore ISI lifted their target price on Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Wedbush reiterated an “underperform” rating and issued a $144.00 target price on shares of Lennar in a research report on Tuesday, April 2nd. Citigroup lifted their target price on Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company lifted their target price on Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Three equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse purchased 1,575 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the purchase, the director now owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.36% of the company’s stock.

Lennar Trading Up 1.0 %

Shares of Lennar stock traded up $1.50 during midday trading on Friday, reaching $154.29. The company had a trading volume of 1,348,527 shares, compared to its average volume of 2,075,435. The stock has a fifty day moving average price of $159.58 and a 200 day moving average price of $143.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The firm has a market cap of $42.95 billion, a PE ratio of 10.80, a P/E/G ratio of 1.43 and a beta of 1.53. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59.

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

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 14.02%.

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.