NorthRock Partners LLC Raises Stock Holdings in Lennar Co. (NYSE:LEN)

NorthRock Partners LLC grew its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 169.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,414 shares of the construction company's stock after purchasing an additional 4,033 shares during the quarter. NorthRock Partners LLC's holdings in Lennar were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after purchasing an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in shares of Lennar by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after acquiring an additional 87 shares during the last quarter. Greenleaf Trust boosted its holdings in Lennar by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after buying an additional 95 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in Lennar by 3.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Down 1.1%

LEN traded down $1.24 during midday trading on Wednesday, hitting $108.20. The company had a trading volume of 712,662 shares, compared to its average volume of 2,613,179. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52 week low of $98.42 and a 52 week high of $187.61. The stock's 50 day moving average price is $110.40 and its 200 day moving average price is $131.49. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results 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. The company had revenue of $7.63 billion during 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%. Lennar's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. On average, research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.85%. Lennar's payout ratio is 14.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LEN shares. The Goldman Sachs Group lowered 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. Bank of America cut their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Wedbush restated a "neutral" rating and set a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their price target on Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lennar presently has a consensus rating of "Hold" and a consensus target price 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.