Stratos Wealth Partners LTD. Sells 910 Shares of Lennar Co. (NYSE:LEN)

Stratos Wealth Partners LTD. trimmed its stake in Lennar Co. (NYSE:LEN) by 31.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,978 shares of the construction company’s stock after selling 910 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lennar were worth $295,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC acquired a new stake in Lennar in the 4th quarter valued at approximately $281,000. Grimes & Company Inc. acquired a new stake in Lennar in the 4th quarter valued at approximately $230,000. Prime Capital Investment Advisors LLC grew its holdings in Lennar by 98.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,842 shares of the construction company’s stock valued at $573,000 after buying an additional 1,910 shares during the last quarter. Capital Insight Partners LLC grew its holdings in Lennar by 11.2% in the 4th quarter. Capital Insight Partners LLC now owns 4,180 shares of the construction company’s stock valued at $623,000 after buying an additional 420 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lennar in the 4th quarter valued at approximately $289,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LEN. Raymond James lifted their price objective on Lennar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Wells Fargo & Company lifted their price objective on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. UBS Group lifted their price objective on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Lennar presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse acquired 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Lennar Trading Up 0.3 %

Shares of LEN opened at $159.90 on Monday. The stock has a fifty day moving average price of $159.55 and a two-hundred day moving average price of $141.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $172.59. The company has a market cap of $44.51 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.49 and a beta of 1.53.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the company posted $2.12 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $0.50 dividend. 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 payout ratio is 14.02%.

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.