One Wealth Management Investment & Advisory Services LLC Has $273,000 Holdings in Lennar Co. (NYSE:LEN)

One Wealth Management Investment & Advisory Services LLC lessened its stake in Lennar Co. (NYSE:LEN) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,823 shares of the construction company’s stock after selling 171 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Lennar were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC acquired a new stake in Lennar in the 2nd quarter valued at about $862,000. Lake Street Advisors Group LLC boosted its stake in shares of Lennar by 3.0% in the 2nd quarter. Lake Street Advisors Group LLC now owns 3,165 shares of the construction company’s stock valued at $474,000 after purchasing an additional 91 shares during the last quarter. BBR Partners LLC boosted its stake in shares of Lennar by 3.4% in the 2nd quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock valued at $364,000 after purchasing an additional 79 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Lennar by 98.3% in the 2nd quarter. Impact Partnership Wealth LLC now owns 3,471 shares of the construction company’s stock valued at $520,000 after purchasing an additional 1,721 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Lennar by 11.3% in the 2nd quarter. TD Asset Management Inc now owns 185,067 shares of the construction company’s stock valued at $27,736,000 after purchasing an additional 18,730 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Up 0.9 %

NYSE LEN traded up $1.59 during trading hours on Friday, reaching $179.42. The company’s stock had a trading volume of 2,252,331 shares, compared to its average volume of 2,078,108. The firm has a fifty day simple moving average of $168.92 and a 200-day simple moving average of $161.93. The stock has a market cap of $49.27 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.65 and a beta of 1.61. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $186.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. Equities analysts forecast that Lennar Co. will post 14.16 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $2.00 annualized dividend and a yield of 1.11%. Lennar’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Argus raised their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Wedbush raised shares of Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 target price on the stock in a research note on Tuesday, July 9th. JMP Securities reissued a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research note on Thursday, June 20th. Evercore ISI lifted their price objective on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, BTIG Research reduced their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $172.06.

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.