Spahn Wealth & Retirement LLC Acquires Shares of 1,900 Lennar Co. (NYSE:LEN)

Spahn Wealth & Retirement LLC bought a new stake in Lennar Co. (NYSE:LEN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,900 shares of the construction company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LEN. Crews Bank & Trust bought a new position in Lennar in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. increased its position in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Lennar in the 4th quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Lennar in the third quarter valued at approximately $39,000. Finally, Quarry LP grew its stake in shares of Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the topic of several recent research reports. Evercore ISI reissued an “in-line” rating and set a $131.00 price objective (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Bank of America reduced their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group dropped their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.07.

Lennar Stock Up 1.0 %

Shares of Lennar stock opened at $115.67 on Thursday. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.24 and a beta of 1.69. The stock’s 50-day moving average is $122.73 and its 200 day moving average is $149.73. 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 Co. has a one year low of $111.26 and a one year high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the firm posted $2.57 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current 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 given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

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.