HighPoint Advisor Group LLC Has $725,000 Stock Holdings in Lennar Co. (NYSE:LEN)

HighPoint Advisor Group LLC grew its holdings in shares of Lennar Co. (NYSE:LEN) by 12.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,807 shares of the construction company’s stock after purchasing an additional 626 shares during the period. HighPoint Advisor Group LLC’s holdings in Lennar were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Armstrong Advisory Group Inc. raised its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Lennar during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the 4th quarter worth approximately $28,000. ORG Wealth Partners LLC bought a new stake in Lennar during the fourth quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC raised its position in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

NYSE:LEN opened at $114.37 on Wednesday. The firm has a market cap of $30.37 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company’s 50-day moving average price is $123.14 and its two-hundred day moving average price is $149.97. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $111.26 and a 12 month high of $187.61.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the company earned $2.57 EPS. Lennar’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.75%. Lennar’s dividend payout ratio is 14.57%.

Analyst Ratings Changes

A number of research firms recently issued reports on LEN. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. Barclays cut their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 24th. Wedbush reaffirmed a “neutral” rating and issued a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Evercore ISI reissued an “in-line” rating and issued a $131.00 price objective (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Finally, Wells Fargo & Company cut their target price on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $151.07.

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.