Kestra Private Wealth Services LLC Has $408,000 Position in Lennar Co. (NYSE:LEN)

Kestra Private Wealth Services LLC lessened its holdings in shares of Lennar Co. (NYSE:LEN) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,737 shares of the construction company’s stock after selling 158 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lennar were worth $408,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LEN. Commonwealth Equity Services LLC lifted its holdings in shares of Lennar by 50.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,161 shares of the construction company’s stock valued at $4,507,000 after purchasing an additional 13,506 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Lennar by 85.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,631 shares of the construction company’s stock valued at $3,101,000 after acquiring an additional 12,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Lennar by 9.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,888 shares of the construction company’s stock valued at $324,000 after acquiring an additional 247 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Lennar by 4.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,810 shares of the construction company’s stock valued at $315,000 after acquiring an additional 113 shares in the last quarter. Finally, BluePath Capital Management LLC bought a new stake in Lennar in the 3rd quarter valued at approximately $29,000. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI boosted their target price on Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. cut their target price on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. UBS Group boosted their price target on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Keefe, Bruyette & Woods boosted their price target on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company boosted their price target on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Lennar Stock Up 0.0 %

LEN stock opened at $161.10 on Wednesday. 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 $44.84 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.48 and a beta of 1.55. The business’s fifty day moving average price is $160.08 and its two-hundred day moving average price is $146.69. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59.

Lennar (NYSE:LEN) last posted 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 return on equity of 15.90% and a net margin of 11.59%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.12 EPS. On average, equities analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Dividend Announcement

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, April 23rd. Lennar’s payout ratio is 14.02%.

Insiders Place Their Bets

In related news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction dated Wednesday, April 10th. The shares were bought at an average cost of $157.00 per share, with a total value of $247,275.00. Following the acquisition, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.36% of the company’s stock.

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.