Transform Wealth LLC Has $4.56 Million Stock Holdings in Lennar Co. (NYSE:LEN)

Transform Wealth LLC boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,456 shares of the construction company’s stock after acquiring an additional 1,244 shares during the period. Transform Wealth LLC’s holdings in Lennar were worth $4,562,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Smead Capital Management Inc. grew its stake in shares of 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 acquiring an additional 89,896 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Lennar by 101.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after buying an additional 4,363 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Lennar by 8.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock worth $19,022,000 after buying an additional 8,092 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.6 %

LEN stock opened at $141.55 on Tuesday. The business’s fifty day moving average price is $152.92 and its two-hundred day moving average price is $167.49. The stock has a market capitalization of $38.39 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.37 and a beta of 1.66. Lennar Co. has a fifty-two week low of $128.41 and a fifty-two week high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the firm earned $4.82 EPS. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LEN. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Barclays cut their price objective on Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Evercore ISI lowered their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Finally, UBS Group dropped their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.50.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.36% of the company’s stock.

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.