Dynasty Wealth Management LLC Raises Stock Position in Lennar Corporation (NYSE:LEN)

Dynasty Wealth Management LLC lifted its stake in shares of Lennar Corporation (NYSE:LEN) by 214.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,384 shares of the construction company’s stock after acquiring an additional 4,353 shares during the period. Dynasty Wealth Management LLC’s holdings in Lennar were worth $733,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Valeo Financial Advisors LLC boosted its position in shares of Lennar by 1.1% in the first quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company’s stock valued at $1,015,000 after acquiring an additional 95 shares during the period. Horizon Investments LLC boosted its stake in Lennar by 2.1% in the 4th quarter. Horizon Investments LLC now owns 4,818 shares of the construction company’s stock valued at $629,000 after purchasing an additional 98 shares during the period. Unison Advisors LLC lifted its position in shares of Lennar by 0.3% during the 4th quarter. Unison Advisors LLC now owns 37,040 shares of the construction company’s stock worth $5,051,000 after buying an additional 100 shares during the last quarter. Mather Group LLC. increased its stake in shares of Lennar by 8.4% in the first quarter. Mather Group LLC. now owns 1,517 shares of the construction company’s stock valued at $174,000 after buying an additional 117 shares during the period. Finally, Omnia Family Wealth LLC grew its stake in Lennar by 1.9% in the first quarter. Omnia Family Wealth LLC now owns 6,417 shares of the construction company’s stock valued at $737,000 after acquiring an additional 119 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 analysts recently commented on the company. Wedbush restated a “neutral” rating and set a $130.00 target price on shares of Lennar in a research report on Wednesday, June 18th. Evercore ISI cut their target price on Lennar from $131.00 to $114.00 and set an “in-line” rating on the stock in a research note on Wednesday, June 18th. Barclays decreased their target price on Lennar from $110.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Royal Bank Of Canada reduced their target price on Lennar from $122.00 to $98.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 18th. Finally, Zelman & Associates lowered Lennar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $128.85.

Lennar Trading Up 0.3%

Shares of LEN opened at $109.80 on Friday. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. The firm has a market cap of $28.44 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 4.65 and a beta of 1.33. The business has a 50-day moving average of $109.50 and a 200 day moving average of $116.63.

Lennar (NYSE:LEN) last released its earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same period in the prior year, the company posted $3.45 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. As a group, research analysts forecast that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.82%. Lennar’s payout ratio is presently 16.54%.

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.