Integrated Wealth Concepts LLC Buys 4,137 Shares of Lennar Co. (NYSE:LEN)

Integrated Wealth Concepts LLC increased its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,694 shares of the construction company's stock after acquiring an additional 4,137 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Lennar were worth $3,231,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its position in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Wolff Wiese Magana LLC raised its position in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after purchasing an additional 79 shares in the last quarter. Howard Capital Management Inc. raised its stake in Lennar by 0.3% in the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after buying an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in Lennar by 2.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after purchasing an additional 87 shares during the last quarter. Finally, Greenleaf Trust grew its position in Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on LEN. Keefe, Bruyette & Woods lowered their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Evercore ISI reaffirmed an "in-line" rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Citigroup reduced their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Fifteen 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $150.07.

Lennar Stock Performance

Shares of NYSE LEN traded up $1.06 during trading hours on Wednesday, reaching $108.64. The stock had a trading volume of 1,675,366 shares, compared to its average volume of 2,560,700. The business's fifty day moving average is $113.89 and its two-hundred day moving average is $138.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The company has a market cap of $28.66 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the previous year, the company posted $2.57 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Lennar Co. 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 Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Lennar's payout ratio is 14.57%.

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.