B. Riley Wealth Advisors Inc. Acquires 2,332 Shares of Lennar Co. (NYSE:LEN)

B. Riley Wealth Advisors Inc. increased its position in shares of Lennar Co. (NYSE:LEN) by 31.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,802 shares of the construction company’s stock after acquiring an additional 2,332 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Lennar were worth $1,686,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LEN. Jacobs Levy Equity Management Inc. grew its position in Lennar by 157.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after purchasing an additional 351,698 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Lennar in the 1st quarter valued at $996,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Lennar in the 1st quarter valued at $61,807,000. SVB Wealth LLC boosted its holdings in shares of Lennar by 15.9% in the 1st quarter. SVB Wealth LLC now owns 3,916 shares of the construction company’s stock valued at $674,000 after acquiring an additional 538 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of Lennar by 3.8% in the 1st quarter. Bamco Inc. NY now owns 648,867 shares of the construction company’s stock valued at $111,592,000 after acquiring an additional 23,483 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $170.00 price target on shares of Lennar in a report on Thursday, June 20th. Royal Bank of Canada restated an “underperform” rating and set a $145.00 price objective on shares of Lennar in a research report on Thursday, June 20th. BTIG Research reduced their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Citigroup restated a “neutral” rating and set a $164.00 price objective (down from $174.00) on shares of Lennar in a research report on Tuesday, July 2nd. Finally, StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $167.88.

Insider Activity at Lennar

In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the sale, the executive vice president now owns 128,629 shares of the company’s stock, valued at $20,927,938.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Lennar news, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 16,768 shares of the company’s stock, valued at $2,764,707.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the sale, the executive vice president now directly owns 128,629 shares in the company, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. Insiders have sold a total of 29,176 shares of company stock valued at $4,841,039 over the last 90 days. 9.36% of the stock is owned by corporate insiders.

Lennar Trading Down 2.0 %

Shares of LEN stock opened at $176.93 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The firm has a market cap of $48.58 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.64 and a beta of 1.60. The company has a 50-day moving average of $157.12 and a two-hundred day moving average of $157.41. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $182.53.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, beating the consensus estimate of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.57 billion. On average, analysts predict that Lennar Co. will post 14.16 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.50 dividend. The ex-dividend date was Friday, July 5th. This represents a $2.00 annualized dividend and a yield of 1.13%. Lennar’s dividend payout ratio (DPR) is 13.60%.

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.