First Hawaiian Bank Has $239,000 Stock Holdings in Lennar Co. (NYSE:LEN)

First Hawaiian Bank reduced its stake in Lennar Co. (NYSE:LEN) by 43.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,078 shares of the construction company’s stock after selling 1,600 shares during the period. First Hawaiian Bank’s holdings in Lennar were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Franchise Capital Ltd bought a new position in shares of Lennar during the first quarter valued at $38,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Lennar by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 204,431 shares of the construction company’s stock valued at $27,878,000 after purchasing an additional 1,515 shares during the last quarter. Centaurus Financial Inc. boosted its position in Lennar by 7.2% in the fourth quarter. Centaurus Financial Inc. now owns 3,149 shares of the construction company’s stock valued at $429,000 after buying an additional 212 shares in the last quarter. Cim LLC grew its stake in Lennar by 0.7% during the fourth quarter. Cim LLC now owns 29,702 shares of the construction company’s stock worth $4,050,000 after buying an additional 212 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in shares of Lennar during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

LEN opened at $105.98 on Monday. The company has a fifty day moving average price of $108.40 and a two-hundred day moving average price of $127.58. The firm has a market capitalization of $27.96 billion, a PE ratio of 7.39, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 52 week low of $98.42 and a 52 week high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same period in the prior year, the business posted $2.57 EPS. Lennar’s revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.89%. Lennar’s dividend payout ratio is presently 14.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEN. Wells Fargo & Company reduced their target price on Lennar from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. UBS Group reduced their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wedbush reaffirmed a “neutral” rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Wall Street Zen upgraded shares of Lennar from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Finally, Evercore ISI restated an “in-line” rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $150.07.

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.