Shufro Rose & Co. LLC Decreases Stock Holdings in Lennar Co. (NYSE:LEN)

Shufro Rose & Co. LLC reduced its position in Lennar Co. (NYSE:LEN) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,389 shares of the construction company’s stock after selling 905 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Lennar were worth $10,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of LEN. IFP Advisors Inc increased its position in Lennar by 97.5% in the third quarter. IFP Advisors Inc now owns 547 shares of the construction company’s stock worth $61,000 after buying an additional 270 shares during the last quarter. Czech National Bank boosted its holdings in shares of Lennar by 46.9% in the third quarter. Czech National Bank now owns 44,137 shares of the construction company’s stock worth $4,953,000 after acquiring an additional 14,096 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Lennar by 6.4% in the third quarter. Asset Management One Co. Ltd. now owns 110,666 shares of the construction company’s stock worth $12,420,000 after acquiring an additional 6,631 shares during the period. Golden State Equity Partners boosted its holdings in shares of Lennar by 9.9% in the third quarter. Golden State Equity Partners now owns 3,170 shares of the construction company’s stock worth $356,000 after acquiring an additional 286 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of Lennar by 20.2% in the third quarter. Atlantic Union Bankshares Corp now owns 14,341 shares of the construction company’s stock worth $1,609,000 after acquiring an additional 2,413 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LEN has been the subject of a number of analyst reports. Wedbush reaffirmed an “underperform” rating and issued a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. Citigroup lifted their price objective on Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. dropped their price objective on Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.88.

Insider Buying and Selling

In other Lennar news, Director Amy Banse acquired 1,575 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now owns 11,859 shares in the company, valued at $1,861,863. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 9.36% of the stock is owned by corporate insiders.

Lennar Price Performance

LEN stock traded up $1.50 during mid-day trading on Friday, hitting $154.29. 1,348,527 shares of the stock were exchanged, compared to its average volume of 2,075,435. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The business has a fifty day moving average price of $159.58 and a 200 day moving average price of $144.06. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a market capitalization of $42.95 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.44 and a beta of 1.53.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same period last year, the company earned $2.12 EPS. Lennar’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lennar Co. will post 14.46 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.30%. Lennar’s payout ratio 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.