CreativeOne Wealth LLC Increases Position in Lennar Co. (NYSE:LEN)

CreativeOne Wealth LLC lifted its position in shares of Lennar Co. (NYSE:LEN) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,551 shares of the construction company’s stock after purchasing an additional 264 shares during the period. CreativeOne Wealth LLC’s holdings in Lennar were worth $621,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after purchasing an additional 79 shares during the period. Howard Capital Management Inc. raised its stake in shares of Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock worth $3,932,000 after buying an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of Lennar by 2.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock valued at $584,000 after buying an additional 87 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Lennar by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company’s stock worth $712,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Barclays decreased their price objective on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 24th. StockNews.com upgraded shares of Lennar from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America lowered their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods decreased their target price on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 25th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lennar has an average rating of “Hold” and a consensus target price of $150.07.

Lennar Stock Up 1.8 %

LEN stock opened at $104.57 on Friday. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The stock has a market capitalization of $27.59 billion, a P/E ratio of 7.29, a PEG ratio of 1.24 and a beta of 1.51. The company has a 50 day moving average price of $116.03 and a two-hundred day moving average price of $142.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 earnings per share. As a group, sell-side analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.50 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. Lennar’s payout ratio is 14.57%.

Lennar 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.