Unique Wealth Strategies LLC Buys Shares of 9,827 Lennar Co. (NYSE:LEN)

Unique Wealth Strategies LLC purchased a new stake in Lennar Co. (NYSE:LEN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,827 shares of the construction company’s stock, valued at approximately $1,465,000. Lennar makes up 1.0% of Unique Wealth Strategies LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of LEN. Assenagon Asset Management S.A. raised its stake in Lennar by 6,297.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company’s stock valued at $98,706,000 after buying an additional 651,924 shares during the last quarter. AQR Capital Management LLC boosted 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. The Manufacturers Life Insurance Company grew its position in 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 purchasing an additional 366,983 shares during the last quarter. Assetmark Inc. increased its stake in Lennar by 828.9% during the 3rd quarter. Assetmark Inc. now owns 308,733 shares of the construction company’s stock valued at $34,649,000 after purchasing an additional 275,497 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Lennar by 97.4% in the fourth quarter. Jennison Associates LLC now owns 354,711 shares of the construction company’s stock worth $52,866,000 after buying an additional 174,981 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE LEN traded up $1.50 on Friday, hitting $154.29. The company had a trading volume of 1,348,527 shares, compared to its average volume of 2,075,435. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The company’s fifty day moving average price is $159.58 and its 200-day moving average price is $143.85. The company has a market capitalization of $42.95 billion, a PE ratio of 10.80, a PEG ratio of 1.43 and a beta of 1.53. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $172.59.

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

Lennar Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s dividend payout ratio is presently 14.02%.

Insider Buying and Selling

In other news, Director Amy Banse acquired 1,575 shares of the firm’s stock in a transaction 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 acquisition, the director now 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 Securities & Exchange Commission, which is available at this link. 9.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LEN shares. Barclays boosted their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Evercore ISI lifted their target price on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company increased their price target on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.88.

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.