Transform Wealth LLC Takes Position in Lennar Co. (NYSE:LEN)

Transform Wealth LLC bought a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,212 shares of the construction company's stock, valued at approximately $6,039,000.

A number of other institutional investors also recently bought and sold shares of the stock. Rise Advisors LLC increased its stake in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company's stock worth $25,000 after purchasing an additional 121 shares during the period. J.Safra Asset Management Corp purchased a new position in Lennar in the 1st quarter worth about $30,000. Asset Dedication LLC lifted its holdings in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after buying an additional 169 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Lennar in the 1st quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC bought a new position in Lennar in the 1st quarter worth about $35,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

Shares of LEN traded up $3.37 during trading hours on Wednesday, reaching $188.41. 1,360,332 shares of the company traded hands, compared to its average volume of 2,056,605. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $180.41 and a 200-day moving average price of $166.34. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $193.80. The stock has a market capitalization of $51.74 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.68 and a beta of 1.61.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the previous year, the business earned $3.91 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Lennar Co. will post 14.28 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, October 9th. Lennar's payout ratio is 13.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup increased their price target on Lennar from $164.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Zelman & Associates raised shares of Lennar from a "neutral" rating to an "outperform" rating in a research report on Monday, September 23rd. JMP Securities upped their price target on shares of Lennar from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 25th. BTIG Research cut their price objective on shares of Lennar from $177.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, June 20th. Finally, Argus upped their target price on Lennar from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Lennar presently has a consensus rating of "Hold" and an average price target of $181.11.

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.