Measured Wealth Private Client Group LLC Acquires 126 Shares of Lennar Co. (NYSE:LEN)

Measured Wealth Private Client Group LLC grew its position in Lennar Co. (NYSE:LEN) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,558 shares of the construction company’s stock after buying an additional 126 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Lennar were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Lennar by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock valued at $734,477,000 after purchasing an additional 366,983 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Lennar by 3.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company’s stock valued at $399,611,000 after purchasing an additional 79,217 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Lennar by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 1,700,016 shares of the construction company’s stock valued at $253,319,000 after purchasing an additional 72,146 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Lennar by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,542,363 shares of the construction company’s stock worth $173,099,000 after acquiring an additional 6,803 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Lennar by 47.6% during the third quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock worth $168,486,000 after acquiring an additional 484,056 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

LEN traded up $2.89 during trading on Friday, hitting $158.10. 1,678,221 shares of the company traded hands, compared to its average volume of 2,013,571. The firm has a market cap of $44.01 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock’s fifty day moving average is $159.74 and its 200 day moving average is $145.02. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. Lennar Co. has a one year low of $102.90 and a one year high of $172.59.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.36. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.39 billion. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. As a group, equities analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. Lennar’s dividend payout ratio is presently 14.02%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a research note on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Wedbush reissued an “underperform” rating and set a $144.00 target price on shares of Lennar in a research note on Tuesday, April 2nd. Evercore ISI upped their price objective on shares of Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Wells Fargo & Company upped their price objective on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Lennar presently has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Insiders Place Their Bets

In other Lennar news, Director Amy Banse bought 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was purchased 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 $1,861,863. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.36% of the company’s stock.

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.