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

BlueStem Wealth Partners LLC acquired a new position in shares of Lennar Co. (NYSE:LEN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,250 shares of the construction company’s stock, valued at approximately $307,000.

Several other large investors also recently modified their holdings of LEN. Armstrong Advisory Group Inc. increased its position in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust acquired a new stake in Lennar in the fourth quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in Lennar in the fourth quarter worth $32,000. Wolff Wiese Magana LLC grew its holdings in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after purchasing an additional 79 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Lennar in the third quarter worth $39,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of LEN opened at $119.63 on Friday. 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 market capitalization of $31.76 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.24 and a beta of 1.67. The stock has a 50 day moving average of $130.70 and a 200 day moving average of $159.40. Lennar Co. has a 12 month low of $117.90 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly 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 net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the business posted $4.82 earnings per share. The business’s revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

LEN has been the subject of a number of research reports. Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Royal Bank of Canada dropped their price objective on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Finally, Barclays dropped their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $163.88.

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.