Strategic Financial Concepts LLC Purchases Shares of 29,445 Lennar Co. (NYSE:LEN)

Strategic Financial Concepts LLC acquired a new position in Lennar Co. (NYSE:LEN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,445 shares of the construction company’s stock, valued at approximately $4,015,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LEN. International Assets Investment Management LLC lifted its stake in Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after acquiring an additional 149,812 shares during the period. Smead Capital Management Inc. boosted its holdings in Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares during the last quarter. Verition Fund Management LLC grew its position in Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares during the period. Polianta Ltd purchased a new position in shares of Lennar during the 4th quarter valued at about $900,000. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Lennar by 101.2% in the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after buying an additional 4,363 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

Shares of LEN opened at $123.85 on Monday. The firm has a 50-day simple moving average of $136.81 and a two-hundred day simple moving average of $162.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 1-year low of $119.25 and a 1-year high of $193.80. The stock has a market cap of $32.88 billion, a PE ratio of 8.64, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last released 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 return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the company earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts forecast that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.61%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LEN shares. Bank of America dropped their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Barclays reduced their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average price target of $166.06.

About Lennar

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.