Stockman Wealth Management Inc. Makes New Investment in Lennar Co. (NYSE:LEN)

Stockman Wealth Management Inc. bought 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 Securities and Exchange Commission (SEC). The firm bought 58,220 shares of the construction company's stock, valued at approximately $6,682,000.

Other institutional investors also recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Lennar in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Lennar during the 4th quarter worth about $28,000. Ameriflex Group Inc. bought a new position in Lennar in the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new position in shares of Lennar during the first quarter valued at $30,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America reduced their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company decreased their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group dropped their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Royal Bank of Canada cut their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research report on Monday, March 24th. Finally, Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. Fifteen research 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 company. According to data from MarketBeat, Lennar presently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

Shares of LEN traded up $0.74 during midday trading on Monday, hitting $109.35. The company's stock had a trading volume of 4,821,387 shares, compared to its average volume of 2,655,344. Lennar Co. has a one year low of $98.42 and a one year 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 company's fifty day simple moving average is $107.85 and its two-hundred day simple moving average is $123.28. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.08). Lennar had a return on equity of 13.93% and a net margin of 11.10%. As a group, equities analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.83%. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.