Integrated Wealth Concepts LLC Purchases 4,137 Shares of Lennar Co. (NYSE:LEN)

Integrated Wealth Concepts LLC increased its position in shares of Lennar Co. (NYSE:LEN) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,694 shares of the construction company’s stock after acquiring an additional 4,137 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Lennar were worth $3,231,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in shares of Lennar in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. boosted its holdings in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Lennar during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the fourth quarter valued at about $28,000. Finally, ORG Wealth Partners LLC acquired a new stake in Lennar in the 4th quarter worth approximately $32,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Down 1.4 %

Shares of NYSE:LEN opened at $107.72 on Friday. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The business’s 50 day moving average price is $114.45 and its 200-day moving average price is $139.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last released its 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 net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same quarter in the previous year, the company earned $2.57 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.86%. Lennar’s payout ratio is currently 14.57%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Keefe, Bruyette & Woods dropped their price target on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. UBS Group reduced their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Barclays dropped their target price on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, March 24th. Finally, StockNews.com upgraded shares of Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus price target of $150.07.

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.