Lennar Co. (NYSE:LEN) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in Lennar Co. (NYSE:LEN) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 55,149 shares of the construction company’s stock after acquiring an additional 469 shares during the period. Moran Wealth Management LLC’s holdings in Lennar were worth $7,521,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Lennar by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock valued at $1,106,798,000 after purchasing an additional 73,638 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after acquiring an additional 589,553 shares in the last quarter. Smead Capital Management Inc. increased its stake in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after acquiring an additional 89,896 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in Lennar by 2.6% during the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock valued at $133,303,000 after purchasing an additional 17,834 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LEN shares. Wells Fargo & Company cut their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada decreased their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Barclays reduced their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lennar has an average rating of “Hold” and an average target price of $163.88.

Lennar Price Performance

Shares of LEN stock opened at $125.19 on Tuesday. The stock has a 50 day moving average of $128.89 and a 200-day moving average of $157.12. The firm has a market cap of $33.24 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. 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 Co. has a 12 month low of $116.67 and a 12 month high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the company earned $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.60%. Lennar’s dividend payout ratio (DPR) is 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.