BlueStem Wealth Partners LLC Invests $307,000 in Lennar Co. (NYSE:LEN)

BlueStem Wealth Partners LLC acquired a new position in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,250 shares of the construction company’s stock, valued at approximately $307,000.

Other institutional investors also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Lennar during the 4th quarter worth about $25,000. Armstrong Advisory Group Inc. grew its stake in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in Lennar in the 3rd quarter valued at about $39,000. Quarry LP grew its stake in Lennar by 136.7% in the 3rd quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after buying an additional 134 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Lennar in the 4th quarter valued at about $32,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of Lennar stock opened at $119.63 on Friday. The company has a market cap of $31.76 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $130.70 and a 200-day moving average of $159.40. Lennar Co. has a 1-year low of $117.90 and a 1-year high of $193.80.

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). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.82 EPS. As a group, equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Analysts Set New Price Targets

A number of brokerages recently commented on LEN. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup decreased their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. UBS Group decreased their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $163.88.

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.