Kwmg LLC Purchases 2,341 Shares of Lennar Co. (NYSE:LEN)

Kwmg LLC lifted its position in Lennar Co. (NYSE:LEN) by 6.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,153 shares of the construction company’s stock after acquiring an additional 2,341 shares during the period. Kwmg LLC’s holdings in Lennar were worth $4,264,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crews Bank & Trust purchased a new stake in shares of Lennar in the 4th quarter worth about $25,000. Hurley Capital LLC purchased a new position in shares of Lennar during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. purchased a new stake in shares of Lennar in the 4th quarter worth approximately $30,000. Finally, NBC Securities Inc. bought a new stake in Lennar in the first quarter worth $33,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Down 1.0%

Shares of LEN opened at $104.97 on Tuesday. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $108.15 and its 200-day simple moving average is $127.13. The company has a market cap of $27.69 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. Lennar’s payout ratio is 14.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Royal Bank of Canada lowered their price objective on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Monday, March 24th. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. The Goldman Sachs Group dropped their target price on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Finally, Bank of America dropped their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $150.07.

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.