Utah Retirement Systems Sells 300 Shares of Lennar Co. (NYSE:LEN)

Utah Retirement Systems reduced its stake in Lennar Co. (NYSE:LEN) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,059 shares of the construction company’s stock after selling 300 shares during the period. Utah Retirement Systems’ holdings in Lennar were worth $5,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crews Bank & Trust purchased a new position in shares of Lennar in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. Hurley Capital LLC bought a new position in shares of Lennar during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Lennar during the 4th quarter valued at $28,000. Finally, ORG Wealth Partners LLC purchased a new position in Lennar during the fourth quarter worth $32,000. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. StockNews.com raised Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Wedbush reiterated a “neutral” rating and issued a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $150.07.

Lennar Stock Performance

LEN stock opened at $108.21 on Friday. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The firm has a market cap of $28.55 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a 50-day simple moving average of $113.42 and a two-hundred day simple moving average of $137.84.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 earnings per share. On average, equities analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Wednesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Lennar Company 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.