Chemistry Wealth Management LLC Makes New $319,000 Investment in Lennar Co. (NYSE:LEN)

Chemistry Wealth Management LLC purchased a new position in shares of Lennar Co. (NYSE:LEN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,776 shares of the construction company’s stock, valued at approximately $319,000.

A number of other institutional investors have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Lennar by 51.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,382 shares of the construction company’s stock worth $3,597,000 after acquiring an additional 9,000 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Lennar by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company’s stock worth $1,006,000 after acquiring an additional 672 shares during the period. Vest Financial LLC boosted its holdings in shares of Lennar by 60.4% during the fourth quarter. Vest Financial LLC now owns 234,798 shares of the construction company’s stock worth $32,019,000 after acquiring an additional 88,391 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lennar by 29.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 82,572 shares of the construction company’s stock worth $11,246,000 after acquiring an additional 18,800 shares during the period. Finally, Candriam S.C.A. boosted its holdings in shares of Lennar by 47.9% during the fourth quarter. Candriam S.C.A. now owns 17,649 shares of the construction company’s stock worth $2,407,000 after acquiring an additional 5,718 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the subject of a number of research analyst reports. UBS Group reduced their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a report on Monday, March 24th. Royal Bank of Canada cut their price target on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday, March 24th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Evercore ISI reiterated an “in-line” rating and issued a $131.00 price target (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Finally, Wall Street Zen upgraded Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lennar has an average rating of “Hold” and an average target price of $150.07.

Lennar Stock Down 1.4%

Shares of LEN opened at $108.51 on Friday. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The company has a market cap of $28.62 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $107.63 and a two-hundred day simple moving average of $126.06.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 earnings per share. Research analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

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.