CreativeOne Wealth LLC Grows Position in Lennar Co. (NYSE:LEN)

CreativeOne Wealth LLC lifted its position in shares of Lennar Co. (NYSE:LEN) by 6.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,551 shares of the construction company’s stock after purchasing an additional 264 shares during the period. CreativeOne Wealth LLC’s holdings in Lennar were worth $621,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Polianta Ltd acquired a new stake in shares of Lennar in the fourth quarter worth $900,000. Nordea Investment Management AB increased its holdings in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after purchasing an additional 397,492 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Lennar by 51.8% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,382 shares of the construction company’s stock worth $3,597,000 after buying an additional 9,000 shares during the period. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Lennar by 25.0% in the fourth quarter. Clear Harbor Asset Management LLC now owns 16,501 shares of the construction company’s stock valued at $2,250,000 after buying an additional 3,303 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LEN shares. StockNews.com upgraded Lennar from a “sell” rating to a “hold” rating in a report on Friday. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Evercore ISI reaffirmed an “in-line” rating and set a $131.00 price target (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. UBS Group lowered their target price on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, The Goldman Sachs Group cut their price target on Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $150.07.

Lennar Stock Up 1.8 %

Shares of NYSE:LEN opened at $104.57 on Friday. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $187.61. The company’s fifty day moving average is $116.03 and its two-hundred day moving average is $142.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock has a market capitalization of $27.59 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

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

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, April 23rd. Lennar’s payout ratio is 14.57%.

Lennar Company 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.