Ausdal Financial Partners Inc. Acquires New Holdings in Lennar Co. (NYSE:LEN)

Ausdal Financial Partners Inc. purchased a new stake in Lennar Co. (NYSE:LEN) during the fourth quarter, Holdings Channel reports. The fund purchased 1,791 shares of the construction company’s stock, valued at approximately $244,000.

Other large investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new stake in Lennar in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. raised its holdings in shares of 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 during the period. SBI Securities Co. Ltd. acquired a new position in Lennar during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in Lennar during the 3rd quarter valued at about $39,000. Finally, Quarry LP increased its stake in Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after purchasing an additional 134 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Lennar stock opened at $113.83 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a one year low of $111.26 and a one year high of $187.61. The company has a market cap of $30.22 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The business has a fifty day moving average of $124.05 and a two-hundred day moving average of $151.33.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Analysts Set New Price Targets

Several research firms have recently commented on LEN. Royal Bank of Canada lowered their price objective on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company dropped their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $151.07.

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.