Omnia Family Wealth LLC Sells 8,490 Shares of Lennar Co. (NYSE:LEN)

Omnia Family Wealth LLC cut its holdings in Lennar Co. (NYSE:LEN - Free Report) by 57.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,376 shares of the construction company's stock after selling 8,490 shares during the quarter. Lennar makes up approximately 0.5% of Omnia Family Wealth LLC's portfolio, making the stock its 26th largest holding. Omnia Family Wealth LLC's holdings in Lennar were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Lennar in the 3rd quarter valued at about $27,000. Criterion Capital Advisors LLC acquired a new stake in Lennar during the fourth quarter worth approximately $36,000. Raleigh Capital Management Inc. purchased a new stake in Lennar in the 3rd quarter worth approximately $28,000. BluePath Capital Management LLC acquired a new position in Lennar in the 3rd quarter valued at $29,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Lennar by 34.3% during the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company's stock worth $56,000 after purchasing an additional 127 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Amy Banse bought 1,575 shares of the company's stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the transaction, the director now directly owns 11,859 shares of the company's stock, valued at $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.36% of the company's stock.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Lennar in a research note on Friday, March 15th. JPMorgan Chase & Co. lowered their target price on shares of Lennar from $161.00 to $157.00 and set a "neutral" rating for the company in a report on Monday, March 18th. UBS Group increased their price target on shares of Lennar from $190.00 to $198.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Lennar from $175.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Lennar from $110.00 to $122.00 and gave the stock a "sell" rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $163.88.

Lennar Stock Up 1.0 %

NYSE:LEN traded up $1.50 on Friday, reaching $154.29. The stock had a trading volume of 1,348,527 shares, compared to its average volume of 2,075,435. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $172.59. The stock has a market cap of $42.95 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $159.58 and a 200 day moving average of $144.27.

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

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given 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 is Tuesday, April 23rd. Lennar's payout ratio is 14.02%.

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.