Lennar Co. (NYSE:LEN) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its stake in shares of Lennar Co. (NYSE:LEN) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,043 shares of the construction company’s stock after selling 546 shares during the quarter. Prudent Man Advisors LLC’s holdings in Lennar were worth $551,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Smead Capital Management Inc. increased its holdings in shares of Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after buying an additional 89,896 shares during the last quarter. Verition Fund Management LLC grew its position in 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 acquiring an additional 41,264 shares during the period. Polianta Ltd acquired a new stake in Lennar during the fourth quarter worth about $900,000. OneDigital Investment Advisors LLC raised its holdings in shares of 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 purchasing an additional 4,363 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Barclays reduced their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Bank of America lowered their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $163.88.

Lennar Trading Down 0.6 %

NYSE:LEN opened at $119.63 on Friday. The firm has a market capitalization of $31.76 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.24 and a beta of 1.67. The business has a 50 day simple moving average of $130.70 and a 200 day simple moving average of $159.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 12-month low of $117.90 and a 12-month high of $193.80.

Lennar (NYSE:LEN) last released its quarterly 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). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 EPS. Equities research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.67%. Lennar’s dividend payout ratio (DPR) is 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.