Eagle Wealth Strategies LLC Has $482,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Eagle Wealth Strategies LLC lowered its stake in Lennar Co. (NYSE:LEN) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,572 shares of the construction company’s stock after selling 428 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Lennar were worth $482,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Atomi Financial Group Inc. lifted its stake in shares of Lennar by 16.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,444 shares of the construction company’s stock valued at $646,000 after purchasing an additional 492 shares during the period. Mather Group LLC. increased its position in shares of Lennar by 12.2% in the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock valued at $215,000 after buying an additional 125 shares in the last quarter. City Center Advisors LLC increased its position in shares of Lennar by 7.1% in the 3rd quarter. City Center Advisors LLC now owns 1,665 shares of the construction company’s stock valued at $312,000 after buying an additional 111 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Lennar by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 3,330 shares of the construction company’s stock valued at $624,000 after buying an additional 147 shares in the last quarter. Finally, Chemistry Wealth Management LLC bought a new stake in shares of Lennar in the 3rd quarter valued at $370,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Argus increased their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JMP Securities increased their price objective on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th. Bank Of America (Bofa) raised their price objective on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Citigroup raised their price objective on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Finally, Wedbush restated a “neutral” rating and set a $144.00 price objective on shares of Lennar in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $181.11.

Lennar Price Performance

Shares of NYSE LEN traded down $0.58 during midday trading on Wednesday, reaching $180.13. 324,373 shares of the company were exchanged, compared to its average volume of 2,064,332. The stock’s 50-day moving average price is $179.74 and its 200-day moving average price is $165.92. The stock has a market cap of $49.46 billion, a P/E ratio of 12.32, a PEG ratio of 1.71 and a beta of 1.61. Lennar Co. has a one year low of $102.90 and a one year high of $193.80. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. Lennar’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.91 earnings per share. On average, sell-side analysts anticipate that Lennar Co. will post 14.13 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%. Lennar’s dividend payout ratio (DPR) is presently 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.