Lyell Wealth Management LP Raises Position in Lennar Co. (NYSE:LEN)

Lyell Wealth Management LP raised its holdings in Lennar Co. (NYSE:LEN) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,161 shares of the construction company’s stock after acquiring an additional 4,538 shares during the period. Lyell Wealth Management LP’s holdings in Lennar were worth $11,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Kestra Investment Management LLC acquired a new stake in Lennar in the 4th quarter valued at about $49,000. CIBC Asset Management Inc raised its holdings in Lennar by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 37,007 shares of the construction company’s stock valued at $5,047,000 after acquiring an additional 1,263 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Lennar by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 43,609 shares of the construction company’s stock valued at $5,898,000 after acquiring an additional 560 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Lennar during the 4th quarter worth approximately $4,015,000. Finally, Legacy Capital Wealth Partners LLC increased its holdings in shares of Lennar by 49.1% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,325 shares of the construction company’s stock worth $317,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Bank of America cut their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Barclays cut their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Wedbush restated a “neutral” rating and set a $164.00 price target on shares of Lennar in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $163.88.

Lennar Stock Performance

Shares of LEN stock opened at $122.37 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52 week low of $119.25 and a 52 week high of $193.80. The stock has a market capitalization of $32.49 billion, a PE ratio of 8.53, a P/E/G ratio of 1.25 and a beta of 1.67. The firm has a 50 day moving average of $135.97 and a two-hundred day moving average of $162.41.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 earnings per share. On average, research analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. Lennar’s dividend payout ratio (DPR) is currently 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.