Lennar Co. (NYSE:LEN) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its position in Lennar Co. (NYSE:LEN) by 22.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,206 shares of the construction company’s stock after acquiring an additional 1,699 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Lennar were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust acquired a new position in shares of Lennar during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of Lennar during the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC increased its stake in shares of Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Lennar during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LEN shares. The Goldman Sachs Group lowered their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective on the stock in a research note on Friday, January 10th. UBS Group reduced their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Lennar has an average rating of “Hold” and an average price target of $167.50.

Lennar Stock Up 1.7 %

Lennar stock opened at $128.36 on Wednesday. The company has a market capitalization of $34.08 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.32 and a beta of 1.67. The firm’s fifty day simple moving average is $145.16 and its 200-day simple moving average is $165.93. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $125.21 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.82 EPS. Sell-side analysts forecast that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.56%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

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.