Wedmont Private Capital Buys 115 Shares of Lennar Co. (NYSE:LEN)

Wedmont Private Capital boosted its holdings in Lennar Co. (NYSE:LENFree Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,882 shares of the construction company’s stock after acquiring an additional 115 shares during the quarter. Wedmont Private Capital’s holdings in Lennar were worth $644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in Lennar by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock valued at $734,477,000 after acquiring an additional 366,983 shares in the last quarter. Pacer Advisors Inc. lifted its position in Lennar by 3.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company’s stock valued at $399,611,000 after acquiring an additional 79,217 shares in the last quarter. Nordea Investment Management AB lifted its position in Lennar by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 1,700,016 shares of the construction company’s stock valued at $253,319,000 after acquiring an additional 72,146 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lennar by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,550,371 shares of the construction company’s stock valued at $231,067,000 after buying an additional 8,008 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Lennar by 47.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock valued at $168,486,000 after buying an additional 484,056 shares during the period. 81.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LEN shares. Oppenheimer reissued a “market perform” rating on shares of Lennar in a report on Friday, March 15th. Barclays increased their price target on Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Wedbush reissued an “underperform” rating and set a $144.00 price target on shares of Lennar in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. Finally, BTIG Research reduced their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $166.47.

View Our Latest Stock Report on Lennar

Insider Buying and Selling at Lennar

In other Lennar news, VP Mark Sustana sold 9,176 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Mark Sustana sold 9,176 shares of Lennar stock in a transaction on Monday, May 20th. The shares were sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the sale, the vice president now directly owns 16,768 shares in the company, valued at $2,764,707.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy Banse acquired 1,575 shares of the stock in a transaction dated Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the purchase, the director now directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The disclosure for this purchase can be found here. Insiders sold 29,176 shares of company stock valued at $4,841,039 in the last 90 days. Insiders own 9.36% of the company’s stock.

Lennar Price Performance

LEN stock traded up $1.15 during trading on Friday, reaching $150.46. The company’s stock had a trading volume of 896,226 shares, compared to its average volume of 2,064,686. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company has a quick ratio of 1.27, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $41.88 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. The company’s fifty day moving average is $156.70 and its 200-day moving average is $154.78.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

About Lennar

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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