Revolve Wealth Partners LLC Invests $208,000 in Lennar Co. (NYSE:LEN)

Revolve Wealth Partners LLC acquired a new position in shares of Lennar Co. (NYSE:LEN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,208 shares of the construction company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC raised its stake in Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Raleigh Capital Management Inc. acquired a new position in Lennar in the 3rd quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new position in Lennar in the 4th quarter valued at $36,000. Sunbelt Securities Inc. acquired a new position in Lennar in the 1st quarter valued at $44,000. Finally, Accent Capital Management LLC acquired a new position in Lennar in the 4th quarter valued at $54,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LEN shares. Wells Fargo & Company increased their target price on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $183.00 price objective on shares of Lennar in a research report on Tuesday, June 18th. Argus upped their price objective on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research report on Thursday, March 14th. Finally, JMP Securities restated a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $167.31.

Lennar Trading Up 0.1 %

NYSE LEN opened at $149.12 on Friday. The business has a 50 day simple moving average of $156.30 and a 200 day simple moving average of $155.33. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The stock has a market capitalization of $41.51 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.50 dividend. The ex-dividend date is Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse purchased 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average cost 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of Lennar stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the sale, the insider now directly owns 118,629 shares in the company, valued at $20,179,979.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy Banse purchased 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were 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 directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 29,176 shares of company stock valued at $4,841,039. Company insiders own 9.36% of the company’s stock.

About Lennar

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.