Global Wealth Management Investment Advisory Inc. Acquires 546 Shares of Lennar Co. (NYSE:LEN)

Global Wealth Management Investment Advisory Inc. lifted its position in shares of Lennar Co. (NYSE:LEN) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,251 shares of the construction company’s stock after purchasing an additional 546 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Lennar were worth $1,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Lennar during the third quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in Lennar during the third quarter valued at $28,000. BluePath Capital Management LLC purchased a new stake in Lennar during the third quarter valued at $29,000. Criterion Capital Advisors LLC purchased a new stake in Lennar during the fourth quarter valued at $36,000. Finally, NBC Securities Inc. bought a new stake in Lennar during the third quarter valued at about $56,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada dropped their price objective on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, March 14th. Evercore ISI increased their price target on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Barclays increased their price target on Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Citigroup raised their price objective on Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. dropped their target price on Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

Insider Buying and Selling

In related news, Director Amy Banse acquired 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the purchase, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.36% of the stock is currently owned by company insiders.

Lennar Stock Down 0.1 %

Shares of Lennar stock traded down $0.19 during trading on Wednesday, reaching $151.43. The company’s stock had a trading volume of 514,271 shares, compared to its average volume of 2,073,781. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. The company has a market cap of $42.15 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.45 and a beta of 1.53. Lennar Co. has a 1-year low of $102.90 and a 1-year high of $172.59. The company has a 50-day simple moving average of $159.69 and a two-hundred day simple moving average of $144.90.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. The company 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%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. As a group, equities analysts forecast that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Lennar’s dividend payout ratio (DPR) is 14.02%.

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.