U.S. Capital Wealth Advisors LLC Takes Position in Lennar Co. (NYSE:LEN)

U.S. Capital Wealth Advisors LLC purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 65,968 shares of the construction company's stock, valued at approximately $8,996,000.

Other large investors have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in Lennar during the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Lennar in the third quarter valued at about $30,000. Asset Dedication LLC increased its position in Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in Lennar during the fourth quarter worth $25,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada raised Lennar from an "underperform" rating to a "sector perform" rating and set a $130.00 price target for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Citigroup lowered their price objective on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $167.50.

Lennar Stock Down 0.6 %

Shares of NYSE:LEN traded down $0.72 during trading on Wednesday, hitting $127.57. The company's stock had a trading volume of 1,328,842 shares, compared to its average volume of 3,436,214. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a fifty-two week low of $125.21 and a fifty-two week high of $193.80. The stock's 50-day moving average price is $144.26 and its two-hundred day moving average price is $165.63. The company has a market capitalization of $33.87 billion, a PE ratio of 8.90, a PEG ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the company earned $4.82 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 29th. Lennar's payout ratio is currently 13.95%.

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.