Lennar Co. (NYSE:LEN) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC reduced its position in Lennar Co. (NYSE:LEN) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,005 shares of the construction company’s stock after selling 1,010 shares during the period. Stratos Wealth Advisors LLC’s holdings in Lennar were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LEN. Wolff Wiese Magana LLC lifted its stake in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Lennar in the 1st quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new position in Lennar during the 1st quarter worth approximately $32,000. Asset Dedication LLC lifted its position in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in Lennar during the 1st quarter worth approximately $35,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of LEN opened at $188.93 on Monday. The company has a market cap of $51.88 billion, a P/E ratio of 12.84, a PEG ratio of 1.68 and a beta of 1.61. The stock has a fifty day moving average price of $181.55 and a 200 day moving average price of $166.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.91 EPS. On average, research analysts forecast that Lennar Co. will post 14.28 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Argus boosted their price target on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Evercore ISI reduced their price target on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. Wells Fargo & Company lowered Lennar from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $205.00 to $190.00 in a research report on Monday, October 7th. Royal Bank of Canada boosted their price target on Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a research report on Monday, September 23rd. Finally, JMP Securities lifted their price objective on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $181.11.

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.