Vest Financial LLC Purchases 9,002 Shares of Lennar Co. (NYSE:LEN)

Vest Financial LLC grew its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243,800 shares of the construction company's stock after purchasing an additional 9,002 shares during the period. Vest Financial LLC owned approximately 0.09% of Lennar worth $27,983,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Portside Wealth Group LLC boosted its stake in Lennar by 11.7% during the first quarter. Portside Wealth Group LLC now owns 2,087 shares of the construction company's stock valued at $240,000 after buying an additional 219 shares in the last quarter. Sendero Wealth Management LLC acquired a new position in shares of Lennar in the 1st quarter valued at $992,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Lennar by 0.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 20,667 shares of the construction company's stock valued at $2,372,000 after purchasing an additional 183 shares during the period. Kwmg LLC boosted its position in shares of Lennar by 6.7% in the 1st quarter. Kwmg LLC now owns 37,153 shares of the construction company's stock valued at $4,264,000 after purchasing an additional 2,341 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Lennar in the 1st quarter valued at $33,000. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

LEN has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. Wall Street Zen upgraded Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Bank of America reduced their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Royal Bank of Canada cut their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. Finally, UBS Group cut their price objective on Lennar from $183.00 to $164.00 and set a "buy" 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lennar currently has an average rating of "Hold" and a consensus target price of $150.07.

Lennar Price Performance

LEN stock traded down $1.55 during trading on Friday, hitting $108.51. The company had a trading volume of 1,912,825 shares, compared to its average volume of 2,635,692. The company has a fifty day moving average price of $107.63 and a two-hundred day moving average price of $126.06. 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 cap of $28.62 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.41. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

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

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given 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 1.84%. Lennar's payout ratio is currently 14.57%.

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.