Hennion & Walsh Asset Management Inc. Purchases 4,591 Shares of Lennar Co. (NYSE:LEN)

Hennion & Walsh Asset Management Inc. grew its holdings in Lennar Co. (NYSE:LEN) by 73.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,860 shares of the construction company’s stock after purchasing an additional 4,591 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $1,868,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rise Advisors LLC grew its holdings 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 buying an additional 121 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in Lennar in the 4th quarter worth $36,000. Raleigh Capital Management Inc. acquired a new position in shares of Lennar during the third quarter valued at about $28,000. Sunbelt Securities Inc. bought a new stake in shares of Lennar in the first quarter valued at about $44,000. Finally, Accent Capital Management LLC bought a new position in Lennar during the fourth quarter valued at about $54,000. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on LEN shares. Argus raised their price objective on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company increased their price objective on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Citigroup decreased their target price on shares of Lennar from $198.00 to $174.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $183.00 price objective on shares of Lennar in a report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.31.

Insider Activity at Lennar

In other news, Director Amy Banse acquired 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, with a total value of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Amy Banse acquired 1,575 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the acquisition, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the transaction, the executive vice president now directly owns 128,629 shares in the company, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. Insiders sold a total of 29,176 shares of company stock valued at $4,841,039 over the last quarter. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Up 0.5 %

Shares of NYSE LEN opened at $149.87 on Friday. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $172.59. The firm’s 50-day simple moving average is $156.22 and its 200 day simple moving average is $155.46. 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 company has a market cap of $41.71 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.56.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, July 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Lennar’s payout ratio is 13.60%.

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.