Foguth Wealth Management LLC. Increases Stock Position in Lennar Co. (NYSE:LEN)

Foguth Wealth Management LLC. boosted its stake in Lennar Co. (NYSE:LEN) by 45.6% in the second quarter, Holdings Channel.com reports. The fund owned 1,813 shares of the construction company’s stock after buying an additional 568 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Lennar were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Lennar by 3.6% in the first quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock valued at $303,585,000 after buying an additional 60,713 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lennar by 0.5% in the fourth 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 last quarter. Bamco Inc. NY raised its holdings in shares of Lennar by 3.8% in the first quarter. Bamco Inc. NY now owns 648,867 shares of the construction company’s stock valued at $111,592,000 after buying an additional 23,483 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Lennar by 157.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after acquiring an additional 351,698 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Lennar during the first quarter worth about $61,807,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of NYSE LEN traded up $2.43 on Tuesday, hitting $170.37. The company’s stock had a trading volume of 1,238,032 shares, compared to its average volume of 2,148,587. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $182.53. The company has a market capitalization of $46.78 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. 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 stock has a 50 day moving average of $159.62 and a 200-day moving average of $158.78.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share (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 company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion. As a group, research analysts predict that Lennar Co. will post 14.16 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LEN shares. Argus boosted their price target on shares of Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company boosted their price target on shares of Lennar from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $183.00 price target on shares of Lennar in a research note on Tuesday, June 18th. Raymond James lowered shares of Lennar from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 2nd. Finally, Evercore ISI boosted their price target on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus price target of $169.13.

Insider Activity at Lennar

In related news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark Sustana sold 9,176 shares of the company’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 transaction, the vice president now directly owns 16,768 shares in the company, valued at approximately $2,764,707.84. The disclosure for this sale can be found here. Insiders own 9.36% of the company’s stock.

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.