Lennar Co. (NYSE:LEN) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 74.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,114 shares of the construction company's stock after selling 6,023 shares during the period. CENTRAL TRUST Co's holdings in Lennar were worth $288,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LEN. Czech National Bank boosted its position in Lennar by 5.5% during the third quarter. Czech National Bank now owns 49,237 shares of the construction company's stock worth $9,231,000 after acquiring an additional 2,575 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Lennar by 4.6% in the third quarter. Fulton Bank N.A. now owns 3,330 shares of the construction company's stock valued at $624,000 after purchasing an additional 147 shares during the last quarter. City Center Advisors LLC lifted its position in Lennar by 7.1% during the third quarter. City Center Advisors LLC now owns 1,665 shares of the construction company's stock worth $312,000 after buying an additional 111 shares in the last quarter. Mather Group LLC. boosted its position in shares of Lennar by 12.2% during the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company's stock valued at $215,000 after acquiring an additional 125 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Lennar by 16.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,444 shares of the construction company's stock valued at $646,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Down 4.2 %

Shares of LEN traded down $5.30 during midday trading on Friday, reaching $121.95. The stock had a trading volume of 6,100,776 shares, compared to its average volume of 3,580,348. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company's fifty day simple moving average is $141.34 and its two-hundred day simple moving average is $164.74. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.28 and a beta of 1.67. Lennar Co. has a 1-year low of $121.40 and a 1-year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) 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 business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $10.06 billion. During the same period last year, the firm earned $4.82 earnings per share. The firm's quarterly revenue was down 9.3% on a year-over-year basis. Equities research analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. Lennar's payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group lowered their price objective on Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Bank of America decreased their target price on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Wedbush reiterated a "neutral" rating and set a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. Citigroup dropped their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price target on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $167.19.

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.