Kestra Private Wealth Services LLC Raises Stock Position in Lennar Co. (NYSE:LEN)

Kestra Private Wealth Services LLC grew its holdings in Lennar Co. (NYSE:LEN) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,239 shares of the construction company’s stock after acquiring an additional 189 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lennar were worth $442,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after acquiring an additional 149,812 shares during the period. Smead Capital Management Inc. increased its stake in Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after buying an additional 89,896 shares during the period. Verition Fund Management LLC increased its stake in Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after buying an additional 41,264 shares during the period. Polianta Ltd purchased a new stake in Lennar during the 4th quarter worth $900,000. Finally, OneDigital Investment Advisors LLC increased its stake in Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after buying an additional 4,363 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LEN shares. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Bank of America dropped their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. UBS Group decreased their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.06.

Lennar Trading Up 0.1 %

NYSE LEN opened at $123.85 on Monday. Lennar Co. has a one year low of $119.25 and a one year high of $193.80. The company has a 50-day simple moving average of $136.81 and a 200-day simple moving average of $162.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market capitalization of $32.88 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 earnings per share. On average, equities analysts forecast that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.61%. Lennar’s dividend payout ratio is presently 13.95%.

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.