1,522 Shares in Lennar Co. (NYSE:LEN) Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC bought a new position in shares of Lennar Co. (NYSE:LENFree Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,522 shares of the construction company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC lifted its position in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after acquiring an additional 121 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in Lennar in the third quarter valued at $28,000. Criterion Capital Advisors LLC purchased a new stake in Lennar in the fourth quarter valued at $36,000. Accent Capital Management LLC purchased a new stake in Lennar in the fourth quarter valued at $54,000. Finally, Itau Unibanco Holding S.A. lifted its position in Lennar by 34.3% in the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock valued at $56,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LEN shares. UBS Group boosted their price target on shares of Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wedbush reaffirmed an “underperform” rating and issued a $144.00 target price on shares of Lennar in a report on Tuesday. Citigroup upped their target price on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a report on Thursday, March 14th. Finally, Evercore ISI reduced their target price on shares of Lennar from $238.00 to $237.00 and set an “outperform” rating for the company in a report on Thursday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Lennar currently has an average rating of “Hold” and a consensus target price of $168.07.

Get Our Latest Report on LEN

Insiders Place Their Bets

In related news, Director Amy Banse bought 1,575 shares of the stock in a transaction on Wednesday, April 10th. The shares were bought at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lennar news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the transaction, the executive vice president now directly owns 128,629 shares in the company, valued at $20,927,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amy Banse bought 1,575 shares of the stock in a transaction on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 29,176 shares of company stock worth $4,841,039. 9.36% of the stock is owned by company insiders.

Lennar Stock Performance

Shares of Lennar stock traded up $0.47 on Thursday, reaching $149.19. 2,837,279 shares of the stock were exchanged, compared to its average volume of 2,074,582. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $172.59. The company has a current ratio of 4.93, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $156.70 and a two-hundred day moving average price of $154.78. The firm has a market capitalization of $41.53 billion, a PE ratio of 10.14, a PEG ratio of 1.39 and a beta of 1.56.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. Lennar’s dividend payout ratio (DPR) is 13.60%.

About Lennar

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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