Omnia Family Wealth LLC Has $950,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Omnia Family Wealth LLC decreased its stake in shares of Lennar Co. (NYSE:LEN) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,376 shares of the construction company’s stock after selling 8,490 shares during the period. Lennar makes up about 0.5% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 26th largest holding. Omnia Family Wealth LLC’s holdings in Lennar were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Lennar by 5.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock worth $734,477,000 after buying an additional 366,983 shares during the last quarter. Pacer Advisors Inc. raised its stake in Lennar by 3.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company’s stock worth $399,611,000 after purchasing an additional 79,217 shares in the last quarter. Nordea Investment Management AB raised its stake in Lennar by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 1,700,016 shares of the construction company’s stock worth $253,319,000 after purchasing an additional 72,146 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Lennar by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,542,363 shares of the construction company’s stock worth $173,099,000 after purchasing an additional 6,803 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Lennar by 47.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock worth $168,486,000 after purchasing an additional 484,056 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 1.0 %

LEN traded up $1.50 during trading on Friday, reaching $154.29. 1,348,527 shares of the company’s stock were exchanged, compared to its average volume of 2,075,435. The stock has a market capitalization of $42.95 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $159.58 and a two-hundred day moving average price of $144.06.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.39 billion. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 EPS. As a group, equities research analysts forecast that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. Lennar’s dividend payout ratio (DPR) is currently 14.02%.

Insider Transactions at Lennar

In related news, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now directly owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wedbush reissued an “underperform” rating and issued a $144.00 target price on shares of Lennar in a report on Tuesday, April 2nd. Evercore ISI raised their target price on shares of Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company lifted their price target on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Barclays lifted their price target on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Citigroup lifted their price target on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a report on Friday, April 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Lennar presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

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.