Vest Financial LLC Acquires 88,391 Shares of Lennar Co. (NYSE:LEN)

Vest Financial LLC raised its position in Lennar Co. (NYSE:LEN - Free Report) by 60.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 234,798 shares of the construction company's stock after purchasing an additional 88,391 shares during the period. Vest Financial LLC owned approximately 0.09% of Lennar worth $32,019,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of Lennar in the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC lifted its position in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Lennar in the 3rd quarter worth $30,000. Asset Dedication LLC raised its stake in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after purchasing an additional 169 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Lennar in the fourth quarter valued at about $25,000. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

Shares of LEN traded up $0.67 during trading hours on Monday, hitting $122.61. The company had a trading volume of 4,119,623 shares, compared to its average volume of 3,601,097. The business has a fifty day moving average of $141.34 and a 200-day moving average of $164.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $32.56 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.28 and a beta of 1.67. Lennar Co. has a 12 month low of $121.40 and a 12 month high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last issued 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 return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the business earned $4.82 earnings per share. The company's revenue was down 9.3% on a year-over-year basis. Equities analysts anticipate that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, January 29th. Lennar's dividend payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of recent research reports. Wedbush reissued a "neutral" rating and issued a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Bank of America lowered their price objective on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group reduced their target price on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, December 23rd. Wells Fargo & Company lowered their price target on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average target price of $167.19.

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.