1,500 Shares in Lennar Co. (NYSE:LEN) Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC acquired a new stake in shares of Lennar Co. (NYSE:LEN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the construction company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LEN. Moors & Cabot Inc. boosted its stake in Lennar by 2.2% during the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after buying an additional 66 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares during the period. Commerce Bank grew its holdings in Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after purchasing an additional 74 shares during the last quarter. Jupiter Wealth Management LLC raised its position in Lennar by 1.0% in the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after purchasing an additional 75 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LEN shares. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup lowered their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $163.88.

Lennar Trading Down 1.7 %

Shares of NYSE LEN opened at $120.59 on Friday. The business has a fifty day moving average price of $133.78 and a 200 day moving average price of $161.49. Lennar Co. has a 1-year low of $117.90 and a 1-year 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. The stock has a market capitalization of $32.02 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.67.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the prior year, the company posted $4.82 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.66%. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

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.