Premier Path Wealth Partners LLC Purchases 87 Shares of Lennar Co. (NYSE:LEN)

Premier Path Wealth Partners LLC boosted its holdings in Lennar Co. (NYSE:LEN) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,284 shares of the construction company’s stock after buying an additional 87 shares during the period. Premier Path Wealth Partners LLC’s holdings in Lennar were worth $584,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LEN. Moors & Cabot Inc. increased its position in Lennar by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after buying an additional 66 shares in the last quarter. Centaurus Financial Inc. grew its stake in Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after acquiring an additional 71 shares during the period. Commerce Bank raised its position in shares of Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after purchasing an additional 74 shares during the period. Jupiter Wealth Management LLC lifted its holdings in shares of Lennar by 1.0% in the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after purchasing an additional 75 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in Lennar by 69.4% during the 4th 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 in the last quarter. 81.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This 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. Company insiders own 9.36% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a report on Thursday, December 19th. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price on the stock in a research report on Friday, January 10th. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. Finally, Evercore ISI cut their price objective on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $171.50.

Lennar Stock Performance

NYSE:LEN opened at $141.55 on Friday. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The business has a fifty day simple moving average of $152.92 and a two-hundred day simple moving average of $167.32. The company has a market capitalization of $38.39 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.21 and a beta of 1.66.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.82 earnings per share. On average, analysts expect that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. Lennar’s payout ratio is 13.95%.

About Lennar

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.