Lennar Co. (NYSE:LEN) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in shares of Lennar Co. (NYSE:LEN) by 15.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,504 shares of the construction company’s stock after acquiring an additional 1,644 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $1,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its stake in Lennar by 7.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock valued at $153,000 after acquiring an additional 69 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Lennar by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after purchasing an additional 70 shares during the period. Lakewood Asset Management LLC raised its stake in shares of Lennar by 0.8% during the second quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock valued at $1,407,000 after purchasing an additional 70 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Lennar by 1.5% during the second quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after purchasing an additional 73 shares during the period. Finally, Nilsine Partners LLC grew its position in shares of Lennar by 1.7% during the first quarter. Nilsine Partners LLC now owns 4,554 shares of the construction company’s stock worth $783,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN stock traded up $3.98 during trading hours on Monday, reaching $175.74. 691,458 shares of the company’s stock were exchanged, compared to its average volume of 2,122,091. The business has a fifty day moving average price of $160.46 and a 200-day moving average price of $159.21. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $48.26 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.60 and a beta of 1.60. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $182.53.

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

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, July 5th. Lennar’s payout ratio is presently 13.60%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. reduced their price target on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Citigroup restated a “neutral” rating and set a $164.00 price objective (down from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $145.00 price target on shares of Lennar in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and a consensus price target of $169.13.

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.