Lennar Corporation (NYSE:LEN) Shares Purchased by Bogart Wealth LLC

Bogart Wealth LLC increased its stake in shares of Lennar Corporation (NYSE:LEN - Free Report) by 296,205.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,298 shares of the construction company's stock after purchasing an additional 56,279 shares during the quarter. Bogart Wealth LLC's holdings in Lennar were worth $6,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LEN. Brighton Jones LLC boosted its position in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company's stock worth $236,000 after acquiring an additional 377 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Lennar by 19.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,854 shares of the construction company's stock worth $798,000 after acquiring an additional 964 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Lennar by 4.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,092 shares of the construction company's stock worth $694,000 after acquiring an additional 237 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Lennar by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 50,054 shares of the construction company's stock worth $6,826,000 after acquiring an additional 2,621 shares in the last quarter. Finally, Avalon Trust Co boosted its position in shares of Lennar by 3.5% during the 4th quarter. Avalon Trust Co now owns 9,315 shares of the construction company's stock worth $1,270,000 after acquiring an additional 315 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Down 2.1%

LEN opened at $114.04 on Monday. The business has a 50 day moving average price of $109.35 and a two-hundred day moving average price of $117.10. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The company has a market cap of $29.54 billion, a PE ratio of 9.43, a P/E/G ratio of 4.84 and a beta of 1.33. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $187.61.

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

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, July 3rd. Lennar's payout ratio is 16.54%.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. Wedbush reaffirmed a "neutral" rating and set a $130.00 price objective on shares of Lennar in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods reduced their target price on Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a report on Friday, June 20th. Barclays reduced their target price on Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Bank of America reduced their target price on Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, 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 report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lennar presently has a consensus rating of "Hold" and an average target price of $128.85.

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.

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