Dynasty Wealth Management LLC Increases Stake in Lennar Corporation (NYSE:LEN)

Dynasty Wealth Management LLC grew its position in Lennar Corporation (NYSE:LEN - Free Report) by 214.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,384 shares of the construction company's stock after purchasing an additional 4,353 shares during the period. Dynasty Wealth Management LLC's holdings in Lennar were worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LEN. Legacy Capital Wealth Partners LLC grew its position in Lennar by 6.6% in the first quarter. Legacy Capital Wealth Partners LLC now owns 2,478 shares of the construction company's stock valued at $284,000 after purchasing an additional 153 shares in the last quarter. PAX Financial Group LLC grew its position in shares of Lennar by 2.3% in the 1st quarter. PAX Financial Group LLC now owns 5,985 shares of the construction company's stock valued at $687,000 after acquiring an additional 136 shares during the period. Castlekeep Investment Advisors LLC grew its position in shares of Lennar by 6.8% in the 1st quarter. Castlekeep Investment Advisors LLC now owns 12,466 shares of the construction company's stock valued at $1,431,000 after acquiring an additional 790 shares during the period. Bogart Wealth LLC grew its position in shares of Lennar by 296,205.3% in the 1st quarter. Bogart Wealth LLC now owns 56,298 shares of the construction company's stock valued at $6,462,000 after acquiring an additional 56,279 shares during the period. Finally, Turtle Creek Wealth Advisors LLC grew its position in shares of Lennar by 24.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company's stock valued at $4,825,000 after acquiring an additional 8,357 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Lennar stock traded down $0.05 during mid-day trading on Friday, hitting $109.65. 2,221,546 shares of the company traded hands, compared to its average volume of 2,719,974. Lennar Corporation has a one year low of $98.42 and a one year high of $187.61. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 4.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. The stock has a fifty day moving average price of $109.52 and a 200-day moving average price of $116.45.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business's revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.45 EPS. On average, equities analysts predict that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. Lennar's dividend payout ratio (DPR) is presently 16.54%.

Analysts Set New Price Targets

LEN has been the subject of several research analyst reports. Bank of America reduced their target price on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Wedbush restated a "neutral" rating and issued a $130.00 target price on shares of Lennar in a research report on Wednesday, June 18th. JMP Securities dropped their target price on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a research report on Friday, June 20th. Wall Street Zen lowered shares of Lennar from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Finally, Barclays reduced their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $128.85.

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.