Westside Investment Management Inc. Has $109,000 Stake in Lennar Co. (NYSE:LEN)

Westside Investment Management Inc. cut its position in shares of Lennar Co. (NYSE:LEN) by 28.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 800 shares of the construction company’s stock after selling 321 shares during the quarter. Westside Investment Management Inc.’s holdings in Lennar were worth $109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Holocene Advisors LP acquired a new position in shares of Lennar during the 3rd quarter valued at $115,229,000. Nordea Investment Management AB raised its holdings in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after purchasing an additional 397,492 shares during the period. KBC Group NV boosted its position in shares of Lennar by 258.3% during the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after purchasing an additional 356,731 shares in the last quarter. Ariel Investments LLC bought a new stake in Lennar in the 2nd quarter valued at about $23,518,000. Finally, International Assets Investment Management LLC raised its stake in Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after buying an additional 149,812 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.36% of the company’s stock.

Lennar Trading Up 2.3 %

Shares of Lennar stock opened at $136.26 on Thursday. 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 stock has a market capitalization of $36.96 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.29 and a beta of 1.66. Lennar Co. has a 52-week low of $128.41 and a 52-week high of $193.80. The stock’s 50-day simple moving average is $151.64 and its 200 day simple moving average is $167.41.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the business posted $4.82 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, research analysts anticipate that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.47%. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

LEN has been the subject of several recent research reports. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Citigroup dropped their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $171.50.

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.