Lennar Co. (NYSE:LEN) Shares Bought by Legacy Trust

Legacy Trust boosted its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 9.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 54,273 shares of the construction company's stock after purchasing an additional 4,792 shares during the quarter. Lennar comprises about 1.5% of Legacy Trust's holdings, making the stock its 25th biggest holding. Legacy Trust's holdings in Lennar were worth $6,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Inc. raised its stake in Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after buying an additional 81 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings 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 valued at $436,000 after acquiring an additional 96 shares during the period. Horizon Investments LLC raised its stake in Lennar by 2.1% during the 4th quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock valued at $629,000 after purchasing an additional 98 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Lennar by 9.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the construction company's stock worth $164,000 after buying an additional 100 shares in the last quarter. Finally, Unison Advisors LLC lifted its stake in Lennar by 0.3% in the 4th quarter. Unison Advisors LLC now owns 37,040 shares of the construction company's stock worth $5,051,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Trading Down 3.2%

Shares of NYSE LEN traded down $3.63 during midday trading on Friday, reaching $108.52. 3,318,818 shares of the stock were exchanged, compared to its average volume of 2,648,223. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $28.63 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.33. The stock has a 50 day moving average price of $107.74 and a 200-day moving average price of $124.43. Lennar Co. has a 52-week low of $98.42 and a 52-week high of $187.61.

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, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the business posted $2.57 earnings per share. Lennar's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.84%. Lennar's dividend payout ratio (DPR) is 14.57%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LEN. Wells Fargo & Company dropped their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. Wedbush reissued a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI restated an "in-line" rating and set a $131.00 price target (down previously from $159.00) on shares of Lennar 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Lennar currently has an average rating of "Hold" and an average price target of $150.07.

Lennar 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.