Lyell Wealth Management LP Boosts Stake in Lennar Co. (NYSE:LEN)

Lyell Wealth Management LP lifted its position in Lennar Co. (NYSE:LEN) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,476 shares of the construction company’s stock after buying an additional 1,953 shares during the quarter. Lennar makes up 1.2% of Lyell Wealth Management LP’s investment portfolio, making the stock its 27th largest holding. Lyell Wealth Management LP’s holdings in Lennar were worth $10,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Lennar by 97.5% in the 3rd quarter. IFP Advisors Inc now owns 547 shares of the construction company’s stock valued at $61,000 after purchasing an additional 270 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Lennar in the 3rd quarter valued at about $531,000. HB Wealth Management LLC lifted its position in Lennar by 33.2% during the 3rd quarter. HB Wealth Management LLC now owns 3,104 shares of the construction company’s stock worth $348,000 after acquiring an additional 774 shares during the period. RFG Advisory LLC grew its stake in shares of Lennar by 14.9% in the 3rd quarter. RFG Advisory LLC now owns 3,768 shares of the construction company’s stock valued at $423,000 after purchasing an additional 488 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Lennar by 6.1% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,359 shares of the construction company’s stock valued at $265,000 after purchasing an additional 136 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Down 1.0 %

Shares of Lennar stock traded down $1.58 on Wednesday, hitting $154.12. The company had a trading volume of 1,480,640 shares, compared to its average volume of 2,113,992. The stock has a market capitalization of $42.90 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.41 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The stock has a 50 day moving average of $159.53 and a 200-day moving average of $143.48. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period in the prior year, the company earned $2.12 earnings per share. Lennar’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors 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 presently 14.02%.

Analysts Set New Price Targets

Several research firms have weighed in on LEN. Royal Bank of Canada dropped their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft increased their price target on Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research note on Thursday, March 14th. Citigroup raised their price objective on Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Finally, UBS Group lifted their price target on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.88.

Insider Buying and Selling

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

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.