Asset Management One Co. Ltd. Cuts Position in Lennar Co. (NYSE:LEN)

Asset Management One Co. Ltd. lowered its holdings in Lennar Co. (NYSE:LEN - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,421 shares of the construction company's stock after selling 9,042 shares during the period. Asset Management One Co. Ltd.'s holdings in Lennar were worth $12,679,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LEN. Holocene Advisors LP acquired a new position in Lennar during the 3rd quarter worth approximately $115,229,000. Pacer Advisors Inc. grew its holdings in Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after acquiring an additional 589,553 shares in the last quarter. Nordea Investment Management AB grew its holdings in 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 acquiring an additional 397,492 shares in the last quarter. KBC Group NV grew its holdings in 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 acquiring an additional 356,731 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings 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 acquiring an additional 149,812 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BTIG Research cut shares of Lennar from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Barclays reduced their price objective on shares of Lennar from $135.00 to $121.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on shares of Lennar from $170.00 to $152.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Finally, Wolfe Research downgraded shares of Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $163.88.

Lennar Stock Performance

NYSE:LEN traded up $1.68 during trading hours on Thursday, reaching $122.62. 2,012,810 shares of the company's stock were exchanged, compared to its average volume of 3,548,588. Lennar Co. has a 1-year low of $117.90 and a 1-year high of $193.80. The firm has a market capitalization of $32.56 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.24 and a beta of 1.67. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $134.44 and a 200 day moving average of $161.76.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the business posted $4.82 EPS. The firm's revenue was down 9.3% on a year-over-year basis. Research analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was 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.