Fiduciary Alliance LLC Acquires New Holdings in Lennar Co. (NYSE:LEN)

Fiduciary Alliance LLC purchased a new position in Lennar Co. (NYSE:LEN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,899 shares of the construction company's stock, valued at approximately $1,481,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Crews Bank & Trust purchased a new position in shares of Lennar during the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of Lennar during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. purchased a new position in shares of Lennar during the 4th quarter valued at approximately $30,000. Finally, Franchise Capital Ltd purchased a new position in shares of Lennar during the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Stock Performance

NYSE LEN traded down $1.55 during trading hours on Friday, hitting $108.51. The company had a trading volume of 1,912,825 shares, compared to its average volume of 2,635,690. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $107.63 and a 200-day simple moving average of $126.06. The firm has a market cap of $28.62 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

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

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LEN shares. Wells Fargo & Company reduced their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Wedbush restated a "neutral" rating and set a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Bank of America reduced their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group reduced their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Barclays reduced their price objective on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, March 24th. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lennar presently has a consensus rating of "Hold" and an average target price of $150.07.

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.