Strategic Financial Concepts LLC Takes Position in Lennar Co. (NYSE:LEN)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. increased its stake in Lennar by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after buying an additional 66 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares in the last quarter. Commerce Bank raised its stake in Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after purchasing an additional 74 shares during the period. Jupiter Wealth Management LLC boosted its stake in Lennar by 1.0% in the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after purchasing an additional 75 shares during the period. Finally, Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% during the 4th 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. 81.10% of the stock is owned by institutional investors.

Lennar Stock Up 0.1 %

Shares of NYSE LEN opened at $123.85 on Monday. The stock has a market capitalization of $32.88 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $119.25 and a 12-month high of $193.80. The stock’s fifty day simple moving average is $136.81 and its two-hundred day simple moving average is $162.88.

Lennar (NYSE:LEN) last posted its 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 net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the company earned $4.82 EPS. The company’s revenue was down 9.3% on a year-over-year basis. As a group, analysts expect that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LEN shares. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Barclays cut their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Bank of America decreased their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. UBS Group cut their price target on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One 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, Lennar currently has an average rating of “Hold” and an average target price of $166.06.

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.