Measured Wealth Private Client Group LLC Boosts Position in Lennar Co. (NYSE:LEN)

Measured Wealth Private Client Group LLC lifted its stake in shares of Lennar Co. (NYSE:LEN) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,558 shares of the construction company’s stock after acquiring an additional 126 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Lennar were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in shares of Lennar by 50.7% during the third quarter. Commonwealth Equity Services LLC now owns 40,161 shares of the construction company’s stock worth $4,507,000 after buying an additional 13,506 shares in the last quarter. SVB Wealth LLC boosted its stake in Lennar by 4.5% during the 3rd quarter. SVB Wealth LLC now owns 4,243 shares of the construction company’s stock worth $476,000 after purchasing an additional 184 shares during the period. Raymond James & Associates grew its position in Lennar by 5.2% during the 3rd quarter. Raymond James & Associates now owns 261,551 shares of the construction company’s stock worth $29,354,000 after purchasing an additional 12,936 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Lennar by 85.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,631 shares of the construction company’s stock valued at $3,101,000 after buying an additional 12,758 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Lennar by 9.4% during the third quarter. Stratos Wealth Partners LTD. now owns 2,888 shares of the construction company’s stock worth $324,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insider Activity at Lennar

In other Lennar news, Director Amy Banse purchased 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the purchase, the director now directly owns 11,859 shares in the company, valued at approximately $1,861,863. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LEN. Royal Bank of Canada decreased their price objective on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Keefe, Bruyette & Woods upped their price objective on shares of Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. UBS Group upped their price objective on shares of Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Citigroup upped their price objective on shares of Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a research 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 given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.88.

Lennar Price Performance

LEN traded up $2.89 during midday trading on Friday, reaching $158.10. 1,678,221 shares of the company’s stock were exchanged, compared to its average volume of 2,013,571. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $172.59. The stock has a market capitalization of $44.01 billion, a PE ratio of 11.08, a P/E/G ratio of 1.45 and a beta of 1.55. The business’s 50-day moving average price is $159.74 and its 200 day moving average price is $145.02.

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

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s payout ratio is currently 14.02%.

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.