38,851 Shares in Lennar Co. (NYSE:LEN) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in shares of Lennar Co. (NYSE:LEN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,851 shares of the construction company’s stock, valued at approximately $58,000.

A number of other large investors also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of Lennar by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock worth $663,000 after acquiring an additional 70 shares in the last quarter. Lakewood Asset Management LLC grew its stake in shares of Lennar by 0.8% during the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after acquiring an additional 70 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Lennar by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock worth $730,000 after acquiring an additional 73 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Lennar by 5.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after acquiring an additional 74 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in shares of Lennar by 5.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after acquiring an additional 74 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 0.0 %

LEN opened at $180.23 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $186.60. The company has a market capitalization of $49.49 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.63 and a beta of 1.61. The stock has a fifty day moving average of $170.34 and a 200-day moving average of $162.44.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.57 billion. On average, equities analysts expect that Lennar Co. will post 14.16 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio is presently 13.60%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James downgraded Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods increased their price objective on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. The Goldman Sachs Group downgraded Lennar from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $174.00 in a report on Monday, July 22nd. Wedbush raised Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price target for the company in a report on Tuesday, July 9th. Finally, Evercore ISI raised their price target on Lennar from $237.00 to $240.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $172.69.

Lennar Company 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.