Metis Global Partners LLC Sells 449 Shares of Lennar Co. (NYSE:LEN)

Metis Global Partners LLC decreased its holdings in Lennar Co. (NYSE:LEN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,854 shares of the construction company’s stock after selling 449 shares during the quarter. Metis Global Partners LLC’s holdings in Lennar were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Moors & Cabot Inc. grew its stake in shares of Lennar by 2.2% in the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after purchasing an additional 66 shares during the last quarter. Centaurus Financial Inc. boosted its position in Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after acquiring an additional 71 shares during the last quarter. Commerce Bank boosted its position in Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after acquiring an additional 74 shares during the last quarter. Jupiter Wealth Management LLC boosted its position in Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock valued at $1,437,000 after acquiring an additional 75 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 1.5 %

LEN opened at $117.84 on Tuesday. 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 fifty-two week low of $117.50 and a fifty-two week high of $187.61. The firm has a market capitalization of $31.29 billion, a PE ratio of 8.22, a P/E/G ratio of 1.24 and a beta of 1.67. The company’s 50-day moving average is $130.30 and its 200 day moving average is $158.96.

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). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.82 EPS. As a group, research analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid 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 1.70%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Analysts Set New Price Targets

A number of analysts have commented on LEN shares. Citigroup cut 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. Barclays cut their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada cut their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price objective 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. One research 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. According to MarketBeat.com, Lennar has an average rating of “Hold” and a consensus target price of $163.88.

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.