International Assets Investment Management LLC Purchases New Shares in Lennar Co. (NYSE:LEN)

International Assets Investment Management LLC purchased a new stake in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,938 shares of the construction company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. IFP Advisors Inc grew its position in shares of Lennar by 97.5% in the third quarter. IFP Advisors Inc now owns 547 shares of the construction company’s stock valued at $61,000 after purchasing an additional 270 shares during the period. Czech National Bank grew its position in shares of Lennar by 46.9% in the third quarter. Czech National Bank now owns 44,137 shares of the construction company’s stock valued at $4,953,000 after purchasing an additional 14,096 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Lennar by 6.4% in the third quarter. Asset Management One Co. Ltd. now owns 110,666 shares of the construction company’s stock valued at $12,420,000 after purchasing an additional 6,631 shares during the period. Golden State Equity Partners grew its position in shares of Lennar by 9.9% in the third quarter. Golden State Equity Partners now owns 3,170 shares of the construction company’s stock valued at $356,000 after purchasing an additional 286 shares during the period. Finally, Atlantic Union Bankshares Corp grew its position in shares of Lennar by 20.2% in the third quarter. Atlantic Union Bankshares Corp now owns 14,341 shares of the construction company’s stock valued at $1,609,000 after purchasing an additional 2,413 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Up 1.0 %

NYSE LEN opened at $154.29 on Friday. The firm’s 50-day moving average is $159.58 and its two-hundred day moving average is $144.06. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The stock has a market capitalization of $42.95 billion, a P/E ratio of 10.81, a PEG ratio of 1.43 and a beta of 1.53.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The business 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 business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. On average, sell-side analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. Lennar’s dividend payout ratio is presently 14.02%.

Insider Transactions at Lennar

In other Lennar news, Director Amy Banse purchased 1,575 shares of Lennar stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LEN shares. Keefe, Bruyette & Woods raised their price target on shares of Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Wedbush reissued an “underperform” rating and issued a $144.00 price target on shares of Lennar in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their price target on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.88.

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.