Hennion & Walsh Asset Management Inc. Purchases 4,591 Shares of Lennar Co. (NYSE:LEN)

Hennion & Walsh Asset Management Inc. grew its holdings in Lennar Co. (NYSE:LEN) by 73.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,860 shares of the construction company’s stock after purchasing an additional 4,591 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Lennar in the third quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new stake in Lennar during the fourth quarter worth $36,000. Sunbelt Securities Inc. bought a new position in Lennar during the 1st quarter valued at $44,000. Finally, Accent Capital Management LLC purchased a new position in Lennar during the 4th quarter worth $54,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the completion of the transaction, the insider now directly owns 118,629 shares in the company, valued at approximately $20,179,979.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of Lennar stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total value of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares in the company, valued at $20,179,979.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy Banse bought 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The disclosure for this purchase can be found here. Insiders have sold 29,176 shares of company stock worth $4,841,039 in the last three months. 9.36% of the stock is currently owned by corporate insiders.

Lennar Trading Up 0.5 %

Shares of LEN stock opened at $149.87 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The stock has a market capitalization of $41.71 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.35 and a beta of 1.56. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company’s fifty day simple moving average is $156.22 and its two-hundred day simple moving average is $155.46.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, July 5th. This represents a $2.00 annualized dividend and a yield of 1.33%. Lennar’s dividend payout ratio is currently 13.60%.

Analysts Set New Price Targets

LEN has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. UBS Group upped their target price on Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays lifted their price target on Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research report on Thursday, June 20th. Finally, Wells Fargo & Company boosted their price target 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, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.31.

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.