Lennar Co. (NYSE:LEN) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its stake in shares of Lennar Co. (NYSE:LEN) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 3,201 shares of the construction company’s stock after purchasing an additional 96 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Lennar were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar during the 4th quarter worth $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Lennar in the fourth quarter valued at about $32,000. Wolff Wiese Magana LLC increased its position in Lennar by 51.0% during the fourth 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. Finally, Legacy Investment Solutions LLC purchased a new position in Lennar during the third quarter worth about $39,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LEN has been the subject of several analyst reports. UBS Group dropped their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods cut their target price on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Citigroup decreased their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Bank of America cut their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Barclays lowered their target price 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. One investment 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $163.88.

Lennar Price Performance

Shares of Lennar stock opened at $120.34 on Friday. 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 twelve month low of $117.90 and a twelve month high of $193.80. The stock has a market capitalization of $31.95 billion, a P/E ratio of 8.39, a PEG ratio of 1.24 and a beta of 1.67. The business’s fifty day moving average price is $131.07 and its 200 day moving average price is $159.81.

Lennar (NYSE:LEN) last announced 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 return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the company posted $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. 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.