9,827 Shares in Lennar Co. (NYSE:LEN) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,827 shares of the construction company's stock, valued at approximately $1,465,000. Lennar comprises 1.0% of Unique Wealth Strategies LLC's holdings, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LEN. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Lennar during the 3rd quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Lennar during the 3rd quarter worth about $28,000. BluePath Capital Management LLC acquired a new position in shares of Lennar during the 3rd quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Lennar during the 4th quarter worth about $36,000. Finally, NBC Securities Inc. acquired a new position in shares of Lennar during the 3rd quarter worth about $56,000. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

Lennar stock traded up $1.50 during mid-day trading on Friday, hitting $154.29. 1,348,527 shares of the company's stock traded hands, compared to its average volume of 2,075,435. The firm has a 50 day simple moving average of $159.58 and a two-hundred day simple moving average of $144.06. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.43 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The company's revenue was up 12.7% on a year-over-year basis. On average, research analysts expect that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar's dividend payout ratio is currently 14.02%.

Insider Transactions at Lennar

In other news, Director Amy Banse bought 1,575 shares of the company's stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares of the company's stock, valued at $1,861,863. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.36% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LEN. Citigroup boosted their price objective on Lennar from $179.00 to $198.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Barclays boosted their price objective on Lennar from $173.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Keefe, Bruyette & Woods boosted their price objective on Lennar from $175.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. Evercore ISI boosted their price objective on Lennar from $224.00 to $238.00 and gave the company an "outperform" rating in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. reduced their price target on Lennar from $161.00 to $157.00 and set a "neutral" rating for the company in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.88.

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.