Valeo Financial Advisors LLC Purchases 88 Shares of Lennar Co. (NYSE:LEN)

Valeo Financial Advisors LLC boosted its position in shares of Lennar Co. (NYSE:LEN) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,431 shares of the construction company’s stock after acquiring an additional 88 shares during the period. Valeo Financial Advisors LLC’s holdings in Lennar were worth $1,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its holdings in Lennar by 7.2% during the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock valued at $153,000 after buying an additional 69 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Lennar by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after buying an additional 70 shares in the last quarter. Savant Capital LLC grew its holdings in Lennar by 0.9% during the 4th quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock valued at $1,246,000 after buying an additional 78 shares in the last quarter. RFG Advisory LLC grew its holdings in Lennar by 2.1% during the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock valued at $573,000 after buying an additional 79 shares in the last quarter. Finally, FFT Wealth Management LLC grew its holdings in Lennar by 3.3% during the 4th quarter. FFT Wealth Management LLC now owns 2,646 shares of the construction company’s stock valued at $394,000 after buying an additional 85 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating and issued a $164.00 target price (down from $174.00) on shares of Lennar in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a report on Thursday, March 14th. Royal Bank of Canada reissued an “underperform” rating and issued a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Raymond James downgraded Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, JMP Securities restated a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a research report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $166.69.

Insider Buying and Selling at Lennar

In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of Lennar stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total value of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares in the company, valued at $20,179,979.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the business’s stock in a transaction dated 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 owns 118,629 shares in the company, valued at $20,179,979.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The disclosure for this purchase can be found here. Insiders have sold 29,176 shares of company stock worth $4,841,039 over the last quarter. Insiders own 9.36% of the company’s stock.

Lennar Stock Performance

LEN stock opened at $143.41 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The business has a 50-day moving average price of $155.87 and a 200 day moving average price of $155.43. The company has a market capitalization of $39.92 billion, a P/E ratio of 9.75, a PEG ratio of 1.29 and a beta of 1.60. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $172.59.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.50 dividend. The ex-dividend date is Friday, July 5th. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. Lennar’s payout ratio is currently 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.