Measured Wealth Private Client Group LLC Has $671,000 Stock Position in Lennar Co. (NYSE:LEN)

Measured Wealth Private Client Group LLC reduced its position in Lennar Co. (NYSE:LEN) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,578 shares of the construction company’s stock after selling 141 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Lennar were worth $671,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LEN. Oakworth Capital Inc. acquired a new stake in Lennar during the third quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its position in Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Lennar during the first quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in Lennar during the third quarter worth approximately $30,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Lennar during the first quarter worth approximately $32,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. JMP Securities raised their target price on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Wells Fargo & Company cut shares of Lennar from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $205.00 to $190.00 in a report on Monday, October 7th. Finally, Bank Of America (Bofa) raised their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus target price of $181.11.

Lennar Stock Performance

Shares of Lennar stock opened at $171.49 on Thursday. Lennar Co. has a fifty-two week low of $104.68 and a fifty-two week high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The firm has a market capitalization of $46.52 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.62 and a beta of 1.61. The company’s 50 day moving average price is $181.82 and its two-hundred day moving average price is $167.43.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $3.91 earnings per share. On average, equities analysts forecast that Lennar Co. will post 14.18 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar 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 transaction, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.36% of the stock is owned by company insiders.

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.