International Assets Investment Management LLC Acquires 149,812 Shares of Lennar Co. (NYSE:LEN)

International Assets Investment Management LLC grew its holdings in shares of Lennar Co. (NYSE:LEN) by 23,048.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,462 shares of the construction company’s stock after purchasing an additional 149,812 shares during the quarter. International Assets Investment Management LLC owned about 0.05% of Lennar worth $28,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in shares of Lennar during the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC boosted its stake in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Lennar during the 1st quarter worth about $30,000. Asset Dedication LLC boosted its stake in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Lennar during the 1st quarter worth about $32,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Barclays increased their target price on Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Bank Of America (Bofa) increased their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Bank of America increased their target price on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $181.11.

Lennar Price Performance

Shares of LEN stock opened at $174.09 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The stock’s fifty day simple moving average is $182.05 and its 200 day simple moving average is $167.32. Lennar Co. has a one year low of $103.41 and a one year high of $193.80. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.62 and a beta of 1.61.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.91 EPS. On average, analysts expect that Lennar Co. will post 14.18 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is currently 13.25%.

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.