Eagle Wealth Strategies LLC Has $337,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Eagle Wealth Strategies LLC reduced its position in Lennar Co. (NYSE:LEN) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,472 shares of the construction company’s stock after selling 100 shares during the period. Eagle Wealth Strategies LLC’s holdings in Lennar were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEN. Summit Trail Advisors LLC raised its holdings in Lennar by 9.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,187 shares of the construction company’s stock worth $328,000 after purchasing an additional 190 shares during the last quarter. ProShare Advisors LLC raised its stake in Lennar by 6.8% during the 2nd quarter. ProShare Advisors LLC now owns 43,459 shares of the construction company’s stock worth $6,513,000 after buying an additional 2,769 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of Lennar during the 2nd quarter valued at about $442,000. 1832 Asset Management L.P. lifted its stake in Lennar by 21.8% in the second quarter. 1832 Asset Management L.P. now owns 29,698 shares of the construction company’s stock valued at $4,451,000 after buying an additional 5,318 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in Lennar by 18.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,512 shares of the construction company’s stock worth $376,000 after purchasing an additional 391 shares during the period. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price target for the company in a research report on Friday, January 10th. Wells Fargo & Company lowered their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group dropped their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $171.50.

Lennar Stock Down 6.0 %

Lennar stock opened at $133.04 on Wednesday. Lennar Co. has a 1-year low of $128.41 and a 1-year high of $193.80. The firm has a 50 day simple moving average of $152.31 and a 200 day simple moving average of $167.47. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.37 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.82 earnings per share. On average, analysts predict that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

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.