CWA Asset Management Group LLC Invests $2.35 Million in Lennar Co. (NYSE:LEN)

CWA Asset Management Group LLC acquired a new stake in Lennar Co. (NYSE:LEN) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 12,543 shares of the construction company’s stock, valued at approximately $2,352,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LEN. Oakworth Capital Inc. acquired a new position in shares of Lennar in the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC lifted its stake in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares during the period. J.Safra Asset Management Corp bought a new position in Lennar during the first quarter worth about $30,000. GHP Investment Advisors Inc. bought a new stake in shares of Lennar in the 3rd quarter valued at about $30,000. Finally, New Covenant Trust Company N.A. bought a new position in Lennar during the 1st quarter worth approximately $32,000. 81.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their target price on Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Barclays increased their price target on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Bank Of America (Bofa) lifted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Bank of America raised their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Lennar currently has an average rating of “Hold” and an average price target of $180.56.

Lennar Trading Up 0.7 %

NYSE LEN opened at $172.58 on Friday. The company has a market cap of $46.81 billion, a PE ratio of 11.43, a PEG ratio of 1.58 and a beta of 1.62. Lennar Co. has a 12 month low of $118.92 and a 12 month high of $193.80. The stock has a 50 day moving average of $180.40 and a 200-day moving average of $168.26. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The company had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. Lennar’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 EPS. On average, equities research analysts anticipate that Lennar Co. will post 14.18 EPS 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 dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. Lennar’s dividend payout ratio (DPR) is currently 13.25%.

Insider Buying and Selling

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.36% of the stock is currently owned by insiders.

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.