BlueStem Wealth Partners LLC Buys Shares of 2,250 Lennar Co. (NYSE:LEN)

BlueStem Wealth Partners LLC bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,250 shares of the construction company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. raised its stake in Lennar by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company's stock worth $577,000 after acquiring an additional 66 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company's stock worth $551,000 after purchasing an additional 71 shares during the period. Commerce Bank boosted its position in Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company's stock valued at $2,826,000 after buying an additional 74 shares during the last quarter. Jupiter Wealth Management LLC raised its position in Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company's stock worth $1,437,000 after buying an additional 75 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup decreased their target price on shares of 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 shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Barclays cut their price objective on shares of Lennar from $135.00 to $121.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, December 23rd. Finally, UBS Group dropped their price objective on Lennar from $205.00 to $192.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Lennar has a consensus rating of "Hold" and an average target price of $163.88.

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Lennar Trading Up 2.9 %

NYSE:LEN traded up $3.41 during trading hours on Wednesday, hitting $122.16. The company had a trading volume of 2,179,652 shares, compared to its average volume of 2,319,806. Lennar Co. has a 1 year low of $116.67 and a 1 year 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 has a 50-day moving average of $129.92 and a 200 day moving average of $158.59. The company has a market cap of $32.44 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $10.06 billion. During the same period last year, the firm earned $4.82 earnings per share. Lennar's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.64%. Lennar's dividend payout ratio (DPR) is 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.