Lennar Co. (NYSE:LEN) Stock Holdings Boosted by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. raised its holdings in Lennar Co. (NYSE:LEN - Free Report) by 182.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,030 shares of the construction company's stock after purchasing an additional 7,130 shares during the period. Stamos Capital Partners L.P.'s holdings in Lennar were worth $1,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of Lennar during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar in the fourth quarter valued at approximately $28,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Lennar during the fourth quarter valued at approximately $32,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LEN shares. Royal Bank of Canada reduced their price target on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. Barclays lowered their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, March 24th. Wedbush reiterated a "neutral" rating and issued a $158.00 target price on shares of Lennar in a report on Monday, March 17th. Bank of America cut their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup dropped 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. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $150.07.

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Lennar Stock Down 0.9 %

Shares of NYSE:LEN traded down $0.95 during midday trading on Tuesday, reaching $105.12. The company had a trading volume of 1,508,091 shares, compared to its average volume of 2,555,060. The stock has a market capitalization of $27.73 billion, a P/E ratio of 7.33, a PEG ratio of 1.24 and a beta of 1.51. The stock's fifty day moving average price is $117.18 and its 200-day moving average price is $143.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a one year low of $98.42 and a one year high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.57 EPS. Equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

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.