Stratos Wealth Advisors LLC Increases Stock Holdings in Lennar Co. (NYSE:LEN)

Stratos Wealth Advisors LLC raised its stake in shares of Lennar Co. (NYSE:LEN) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,409 shares of the construction company’s stock after acquiring an additional 1,404 shares during the period. Stratos Wealth Advisors LLC’s holdings in Lennar were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Lennar by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock worth $1,106,798,000 after purchasing an additional 73,638 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after buying an additional 589,553 shares during the last quarter. Smead Capital Management Inc. grew its holdings in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after acquiring an additional 89,896 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after acquiring an additional 397,492 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in Lennar by 2.6% in the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock worth $133,303,000 after purchasing an additional 17,834 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LEN. Citigroup lowered their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods reduced their price objective on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, UBS Group lowered their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $167.19.

Lennar Stock Performance

Lennar stock opened at $127.11 on Friday. The firm’s 50 day simple moving average is $143.33 and its 200 day simple moving average is $165.36. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $125.21 and a 1-year high of $193.80. The firm has a market capitalization of $33.75 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last released 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 firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.82 EPS. As a group, analysts expect that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

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.