Lennar Co. (NYSE:LEN) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lowered its position in shares of Lennar Co. (NYSE:LEN) by 11.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,914 shares of the construction company’s stock after selling 522 shares during the quarter. Golden State Equity Partners’ holdings in Lennar were worth $534,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LEN. International Assets Investment Management LLC raised its position in shares of 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 valued at $28,209,000 after acquiring an additional 149,812 shares in the last quarter. Smead Capital Management Inc. boosted its stake in Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after buying an additional 89,896 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Lennar by 147.6% during the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd purchased a new stake in Lennar in the 4th quarter worth about $900,000. Finally, OneDigital Investment Advisors LLC lifted its stake in Lennar by 101.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after acquiring an additional 4,363 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LEN shares. JPMorgan Chase & Co. lowered their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Royal Bank of Canada upgraded Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price for the company in a research report on Friday, January 10th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.50.

Lennar Stock Down 3.0 %

LEN opened at $131.25 on Monday. The stock has a market cap of $35.60 billion, a PE ratio of 9.15, a P/E/G ratio of 1.33 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. Lennar Co. has a 52 week low of $128.41 and a 52 week high of $193.80. The business’s fifty day simple moving average is $146.21 and its 200 day simple moving average is $166.24.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the prior year, the company posted $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts expect that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 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.