Accurate Wealth Management LLC Acquires 2,145 Shares of Lennar Co. (NYSE:LEN)

Accurate Wealth Management LLC increased its holdings in Lennar Co. (NYSE:LEN) by 80.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,806 shares of the construction company’s stock after buying an additional 2,145 shares during the period. Accurate Wealth Management LLC’s holdings in Lennar were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Moors & Cabot Inc. raised its stake in Lennar by 2.2% in the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after buying an additional 66 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares in the last quarter. Commerce Bank increased its position in shares of Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after purchasing an additional 74 shares in the last quarter. Jupiter Wealth Management LLC increased its position in shares of Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after purchasing an additional 75 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Lennar by 5.4% during the third quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock worth $283,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 2.5 %

LEN opened at $138.50 on Thursday. Lennar Co. has a twelve month low of $128.41 and a twelve month high of $193.80. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $154.76 and a 200 day moving average price of $167.57. The company has a market cap of $37.57 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the company earned $4.82 EPS. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts expect that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.44%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Insider Buying and Selling

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group reduced their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Citigroup reduced their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Zelman & Associates raised Lennar from a “neutral” rating to an “outperform” rating in a research report on Monday, September 23rd. Barclays dropped their price objective on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Evercore ISI dropped their price objective on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $171.50.

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.