Atria Wealth Solutions Inc. Has $552,000 Stake in Lennar Co. (NYSE:LEN)

Atria Wealth Solutions Inc. grew its stake in shares of Lennar Co. (NYSE:LEN) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,704 shares of the construction company’s stock after buying an additional 375 shares during the period. Atria Wealth Solutions Inc.’s holdings in Lennar were worth $552,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Lennar in the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. bought a new position in Lennar in the third quarter worth $28,000. BluePath Capital Management LLC acquired a new stake in Lennar during the third quarter worth $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Lennar in the 4th quarter valued at $36,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar during the 3rd quarter worth about $56,000. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In related news, Director Amy Banse acquired 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.36% of the stock is currently owned by company insiders.

Lennar Trading Up 1.9 %

LEN stock opened at $158.10 on Monday. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $172.59. The company has a market cap of $44.01 billion, a P/E ratio of 11.08, a PEG ratio of 1.48 and a beta of 1.55. The business has a fifty day moving average of $159.80 and a 200-day moving average of $145.88.

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, topping 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 firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the business posted $2.12 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts expect that Lennar Co. will post 14.46 EPS 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s payout ratio is 14.02%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LEN. Barclays increased their price target on shares of Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Wells Fargo & Company boosted their price target on Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Finally, JMP Securities reissued a “market outperform” rating and set a $170.00 price target on shares of Lennar in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.88.

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.