Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Lennar Co. (NYSE:LEN)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Lennar Co. (NYSE:LEN) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,860 shares of the construction company’s stock after acquiring an additional 1,182 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lennar were worth $5,572,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of Lennar by 21.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,985 shares of the construction company’s stock valued at $271,000 after purchasing an additional 356 shares during the period. CX Institutional lifted its position in shares of Lennar by 5.2% during the 4th quarter. CX Institutional now owns 10,758 shares of the construction company’s stock valued at $1,467,000 after acquiring an additional 529 shares during the period. RFG Advisory LLC boosted its stake in shares of Lennar by 3.1% during the 4th quarter. RFG Advisory LLC now owns 4,625 shares of the construction company’s stock worth $631,000 after acquiring an additional 141 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Lennar by 36.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,890 shares of the construction company’s stock valued at $258,000 after purchasing an additional 501 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Lennar by 27.9% during the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.50.

Lennar Stock Down 1.6 %

Shares of NYSE LEN opened at $132.40 on Monday. The stock has a market capitalization of $35.91 billion, a PE ratio of 9.23, a P/E/G ratio of 1.32 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $149.60 and a 200-day moving average of $167.06. Lennar Co. has a 52-week low of $128.41 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.82 earnings per share. On average, analysts anticipate that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.51%. Lennar’s dividend payout ratio is currently 13.95%.

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.