Lennar Co. (NYSE:LEN) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its holdings in Lennar Co. (NYSE:LEN) by 4.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,849 shares of the construction company’s stock after selling 216 shares during the quarter. EP Wealth Advisors LLC’s holdings in Lennar were worth $834,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rise Advisors LLC lifted its stake in Lennar by 484.0% during the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Lennar in the first quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Lennar during the first quarter worth about $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of Lennar in the 4th quarter valued at about $36,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Lennar in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LEN. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $183.00 price objective on shares of Lennar in a research note on Tuesday, June 18th. JPMorgan Chase & Co. cut their target price on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Wedbush raised shares of Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price objective on the stock in a research report on Tuesday, July 9th. Raymond James cut shares of Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Finally, StockNews.com upgraded shares of Lennar from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.88.

Insider Transactions at Lennar

In other Lennar news, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now directly owns 16,768 shares in the company, valued at approximately $2,764,707.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lennar news, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares of the company’s stock, valued at $2,764,707.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the completion of the transaction, the insider now owns 118,629 shares in the company, valued at $20,179,979.19. The disclosure for this sale can be found here. Insiders sold 29,176 shares of company stock valued at $4,841,039 in the last 90 days. 9.36% of the stock is currently owned by insiders.

Lennar Price Performance

Shares of LEN traded up $5.43 during trading hours on Friday, reaching $176.71. The company had a trading volume of 2,209,626 shares, compared to its average volume of 2,154,458. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $178.63. The firm has a 50 day simple moving average of $155.84 and a 200-day simple moving average of $156.63. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.53 and a beta of 1.60.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. Research analysts expect that Lennar Co. will post 14.16 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is 13.60%.

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.