Lennar Co. (NYSE:LEN) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its holdings in Lennar Co. (NYSE:LEN - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,650 shares of the construction company's stock after selling 5,542 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Lennar were worth $4,589,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Lennar during the 4th quarter worth $28,000. ORG Wealth Partners LLC purchased a new stake in Lennar in the fourth quarter valued at $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Price Performance

Shares of Lennar stock traded up $2.47 during trading on Friday, reaching $110.87. The company's stock had a trading volume of 7,728,176 shares, compared to its average volume of 2,516,754. The business has a 50 day moving average price of $121.78 and a 200-day moving average price of $148.63. The company has a market capitalization of $29.44 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. 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 12-month low of $106.20 and a 12-month high of $187.61.

Remove Ads

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. During the same period in the prior year, the company posted $2.57 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date was Wednesday, January 29th. Lennar's payout ratio is currently 14.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, December 13th. StockNews.com cut Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Bank of America lowered their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Barclays reduced their price target on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.07.

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.