HB Wealth Management LLC Has $512,000 Stock Position in Lennar Co. (NYSE:LEN)

HB Wealth Management LLC lifted its stake in Lennar Co. (NYSE:LEN) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,438 shares of the construction company’s stock after acquiring an additional 334 shares during the quarter. HB Wealth Management LLC’s holdings in Lennar were worth $512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Lennar in the third quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Lennar in the third quarter valued at about $28,000. BluePath Capital Management LLC acquired a new position in Lennar during the third quarter worth approximately $29,000. Coppell Advisory Solutions LLC acquired a new position in Lennar during the second quarter worth approximately $46,000. Finally, NBC Securities Inc. acquired a new position in Lennar during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Up 1.8 %

Shares of LEN opened at $168.50 on Thursday. The stock has a market capitalization of $47.32 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.21 and a beta of 1.52. Lennar Co. has a 52 week low of $100.95 and a 52 week high of $168.61. The stock has a fifty day moving average of $155.76 and a 200-day moving average of $136.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. Lennar’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 earnings per share. As a group, sell-side analysts anticipate that Lennar Co. will post 14.24 earnings per share for the current fiscal year.

Lennar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were issued a dividend of $0.50 per share. This is an increase from Lennar’s previous quarterly dividend of $0.38. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, January 23rd. Lennar’s dividend payout ratio (DPR) is presently 14.02%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. cut their price target on Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Oppenheimer reiterated a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Royal Bank of Canada cut their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Finally, JMP Securities restated a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.69.

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.