Lennar Co. (NYSE:LEN) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC reduced its stake in Lennar Co. (NYSE:LEN) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,823 shares of the construction company’s stock after selling 171 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Lennar were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LEN. Gilbert & Cook Inc. lifted its stake in Lennar by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company’s stock valued at $604,000 after purchasing an additional 211 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Lennar during the fourth quarter valued at approximately $69,000. Private Advisor Group LLC raised its holdings in shares of Lennar by 1.2% during the fourth quarter. Private Advisor Group LLC now owns 8,366 shares of the construction company’s stock valued at $1,247,000 after acquiring an additional 97 shares during the period. Warther Private Wealth LLC acquired a new stake in shares of Lennar during the fourth quarter valued at approximately $3,356,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Lennar by 89.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,652 shares of the construction company’s stock valued at $246,000 after acquiring an additional 781 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $174.00 in a research note on Monday, July 22nd. Argus upped their price objective on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company upped their price objective on shares of Lennar from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $145.00 price objective on shares of Lennar in a research note on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $172.06.

Lennar Stock Performance

Lennar stock traded up $1.59 during mid-day trading on Friday, reaching $179.42. The company had a trading volume of 2,252,331 shares, compared to its average volume of 2,078,108. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $186.60. The company has a 50 day moving average of $168.92 and a 200-day moving average of $161.93. The firm has a market cap of $49.27 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.65 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.57 billion. On average, sell-side analysts expect that Lennar Co. will post 14.16 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is currently 13.60%.

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.