Sequoia Financial Advisors LLC Has $883,000 Holdings in Lennar Co. (NYSE:LEN)

Sequoia Financial Advisors LLC lifted its holdings in Lennar Co. (NYSE:LEN) by 68.0% in the 4th quarter, Holdings Channel reports. The firm owned 5,925 shares of the construction company’s stock after buying an additional 2,398 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lennar were worth $883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Lennar in the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Lennar in the 3rd quarter valued at $28,000. BluePath Capital Management LLC acquired a new stake in shares of Lennar in the 3rd quarter valued at $29,000. Coppell Advisory Solutions LLC acquired a new position in Lennar during the 2nd quarter worth $46,000. Finally, NBC Securities Inc. acquired a new position in Lennar during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Amy Banse acquired 1,575 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the purchase, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.36% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Lennar from $138.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Wedbush reissued an “underperform” rating and set a $144.00 target price on shares of Lennar in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada cut their price objective on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.88.

Lennar Stock Performance

NYSE LEN opened at $159.90 on Monday. The stock has a market cap of $44.51 billion, a P/E ratio of 11.21, a PEG ratio of 1.49 and a beta of 1.53. The company’s 50-day simple moving average is $159.55 and its 200 day simple moving average is $141.31. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $172.59. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. As a group, research analysts forecast that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.25%. Lennar’s dividend payout ratio is 14.02%.

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.