JGP Wealth Management LLC Purchases 1,311 Shares of Lennar Co. (NYSE:LEN)

JGP Wealth Management LLC grew its position in Lennar Co. (NYSE:LEN) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,373 shares of the construction company’s stock after acquiring an additional 1,311 shares during the period. Lennar accounts for 1.4% of JGP Wealth Management LLC’s portfolio, making the stock its 24th largest holding. JGP Wealth Management LLC’s holdings in Lennar were worth $10,824,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its position in Lennar by 6.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,484 shares of the construction company’s stock worth $2,793,000 after purchasing an additional 1,268 shares during the last quarter. USA Financial Formulas bought a new position in Lennar in the 4th quarter worth approximately $59,000. Armstrong Advisory Group Inc. raised its position in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Burney Co. raised its position in Lennar by 7.1% in the 4th quarter. Burney Co. now owns 12,738 shares of the construction company’s stock worth $1,737,000 after purchasing an additional 845 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of several research analyst reports. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. JMP Securities upped their target price on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 25th. Finally, Zelman & Associates upgraded shares of Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $171.50.

Insider Activity at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar 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 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 document filed with the SEC, which is accessible through this hyperlink. 9.36% of the stock is owned by insiders.

Lennar Stock Performance

LEN opened at $140.89 on Friday. The business has a 50 day moving average of $154.15 and a 200-day moving average of $167.37. Lennar Co. has a 12-month low of $128.41 and a 12-month high of $193.80. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.21 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $4.82 earnings per share. On average, equities research analysts expect that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Lennar 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.