9,996 Shares in Lennar Corporation $LEN Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new stake in shares of Lennar Corporation (NYSE:LEN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,996 shares of the construction company’s stock, valued at approximately $1,028,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LEN. Guerra Advisors Inc bought a new stake in shares of Lennar in the third quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the 3rd quarter worth about $25,000. Washington Trust Advisors Inc. raised its holdings in shares of Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after purchasing an additional 188 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Lennar by 39.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock valued at $51,000 after buying an additional 115 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LEN shares. UBS Group dropped their price objective on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Seaport Research Partners restated a “sell” rating and set a $74.00 target price (down from $140.00) on shares of Lennar in a research note on Tuesday, April 7th. Evercore cut their target price on Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a research report on Monday, April 13th. Weiss Ratings lowered Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 16th. Finally, The Goldman Sachs Group decreased their price target on shares of Lennar from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $99.87.

Lennar Trading Up 4.4%

Shares of LEN traded up $3.87 during midday trading on Friday, hitting $92.67. The stock had a trading volume of 3,618,654 shares, compared to its average volume of 3,395,253. The stock’s 50 day moving average is $100.57 and its 200 day moving average is $112.22. The firm has a market cap of $22.89 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. Lennar Corporation has a 1 year low of $83.03 and a 1 year high of $144.24.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, analysts forecast that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a $0.50 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Lennar’s dividend payout ratio (DPR) is presently 28.74%.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.