Sendero Wealth Management LLC Makes New $992,000 Investment in Lennar Co. (NYSE:LEN)

Sendero Wealth Management LLC purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,640 shares of the construction company's stock, valued at approximately $992,000.

A number of other large investors have also recently bought and sold shares of LEN. Howard Capital Management Inc. raised its holdings in Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after purchasing an additional 81 shares in the last quarter. Greenleaf Trust boosted its holdings in Lennar by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after buying an additional 95 shares in the last quarter. Lake Street Advisors Group LLC grew its position in Lennar by 3.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after buying an additional 96 shares during the period. Horizon Investments LLC increased its holdings in Lennar by 2.1% in the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock valued at $629,000 after buying an additional 98 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of Lennar by 9.1% during the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the construction company's stock valued at $164,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Trading Down 0.2%

NYSE LEN traded down $0.26 during mid-day trading on Thursday, hitting $109.97. The company's stock had a trading volume of 1,815,136 shares, compared to its average volume of 2,629,695. The firm has a market capitalization of $29.01 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. 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 52-week low of $98.42 and a 52-week high of $187.61. The stock's fifty day simple moving average is $107.84 and its two-hundred day simple moving average is $126.88.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.57 earnings per share. Research analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.50 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. Lennar's payout ratio is 14.57%.

Analyst Upgrades and Downgrades

LEN has been the subject of several research analyst reports. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group cut their price target on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Royal Bank of Canada lowered their price objective on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. Evercore ISI restated an "in-line" rating and set a $131.00 target price (down previously from $159.00) on shares of Lennar in a research report on Monday, March 24th. Finally, Wells Fargo & Company lowered their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lennar currently has an average rating of "Hold" and an average target price of $150.07.

About Lennar

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.