Lake Street Advisors Group LLC Increases Stock Position in Lennar Co. (NYSE:LEN)

Lake Street Advisors Group LLC increased its holdings in shares of Lennar Co. (NYSE:LEN) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,201 shares of the construction company’s stock after purchasing an additional 96 shares during the period. Lake Street Advisors Group LLC’s holdings in Lennar were worth $436,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC raised its position in shares of Lennar by 4.7% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 6,522 shares of the construction company’s stock worth $889,000 after acquiring an additional 295 shares in the last quarter. Blackhawk Capital Partners LLC. grew its stake in Lennar by 49.0% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 1,714 shares of the construction company’s stock valued at $234,000 after purchasing an additional 564 shares during the last quarter. Hardman Johnston Global Advisors LLC purchased a new stake in shares of Lennar during the fourth quarter valued at about $14,278,000. Colonial River Investments LLC boosted its holdings in shares of Lennar by 15.7% in the 4th quarter. Colonial River Investments LLC now owns 1,956 shares of the construction company’s stock valued at $267,000 after buying an additional 265 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Lennar by 2,774.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock worth $16,793,000 after buying an additional 118,858 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE:LEN opened at $120.34 on Friday. The firm’s fifty day moving average is $131.07 and its two-hundred day moving average is $159.81. The firm has a market cap of $31.95 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.24 and a beta of 1.67. Lennar Co. has a one year low of $117.90 and a one year high of $193.80. 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 (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 the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.82 earnings per share. Research analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.66%. Lennar’s dividend payout ratio is presently 13.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LEN. Royal Bank of Canada decreased their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Bank of America reduced their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Barclays cut their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $163.88.

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.