1,369 Shares in Lennar Co. (NYSE:LEN) Purchased by Wealth Alliance

Wealth Alliance acquired a new position in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,369 shares of the construction company’s stock, valued at approximately $204,000.

Several other hedge funds have also bought and sold shares of LEN. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Lennar during the third quarter worth about $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar during the third quarter worth about $28,000. BluePath Capital Management LLC bought a new stake in Lennar during the third quarter worth about $29,000. Coppell Advisory Solutions LLC bought a new stake in Lennar during the second quarter worth about $46,000. Finally, NBC Securities Inc. bought a new stake in Lennar during the third quarter worth about $56,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 1.5 %

Shares of LEN stock opened at $150.18 on Friday. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a market cap of $41.80 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.42 and a beta of 1.53. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $159.57 and a two-hundred day simple moving average of $142.30.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, beating 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 period in the prior year, the company earned $2.12 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, research analysts expect that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. Lennar’s dividend payout ratio is currently 14.02%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Evercore ISI upped their target price on shares of Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Wedbush reiterated an “underperform” rating and issued a $144.00 target price on shares of Lennar in a research note on Tuesday, April 2nd. JMP Securities reiterated a “market outperform” rating and issued a $170.00 target price on shares of Lennar in a research note on Friday, March 15th. Finally, Barclays upped their target price on shares of Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.88.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The stock was acquired at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares in the company, valued at $1,861,863. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.36% of the stock is owned by corporate 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.