Asset Management Advisors LLC cut its holdings in shares of Lennar Co. (NYSE:LEN) by 24.2% in the 4th quarter, HoldingsChannel reports. The fund owned 61,747 shares of the construction company’s stock after selling 19,760 shares during the period. Lennar accounts for about 3.3% of Asset Management Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Asset Management Advisors LLC’s holdings in Lennar were worth $3,905,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in LEN. D.A. Davidson & CO. lifted its position in shares of Lennar by 8.9% during the second quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares during the last quarter. QS Investors LLC lifted its position in shares of Lennar by 1.0% during the second quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares during the last quarter. First Personal Financial Services bought a new position in shares of Lennar during the fourth quarter worth about $140,000. Valeo Financial Advisors LLC bought a new position in shares of Lennar during the third quarter worth about $245,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Lennar during the third quarter worth about $250,000. Institutional investors own 80.79% of the company’s stock.
Several equities analysts have recently commented on LEN shares. JMP Securities raised shares of Lennar from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Wells Fargo & Co raised shares of Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Mizuho reaffirmed a “hold” rating and set a $53.00 price target on shares of Lennar in a research report on Friday, October 27th. Finally, Royal Bank of Canada set a $82.00 price target on shares of Lennar and gave the stock a “buy” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Lennar currently has a consensus rating of “Buy” and a consensus target price of $65.00.
Lennar Co. (NYSE LEN) opened at $57.70 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 8.42 and a debt-to-equity ratio of 0.80. Lennar Co. has a twelve month low of $44.07 and a twelve month high of $72.17. The stock has a market cap of $13,860.00, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.26.
Lennar (NYSE:LEN) last issued its earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the business earned $1.34 EPS. The business’s revenue was up 12.1% on a year-over-year basis. equities analysts expect that Lennar Co. will post 5.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a $0.04 dividend. The ex-dividend date is Thursday, January 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.28%. Lennar’s dividend payout ratio is currently 4.78%.
In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce E. Gross sold 9,000 shares of Lennar stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $72.00, for a total value of $648,000.00. Following the sale, the chief financial officer now directly owns 346,043 shares in the company, valued at approximately $24,915,096. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $12,392,050 in the last three months. 12.18% of the stock is currently owned by corporate insiders.
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Lennar Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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