Coastline Trust Co Has $2.78 Million Stock Position in Lennar Co. (NYSE:LEN)

Coastline Trust Co decreased its position in Lennar Co. (NYSE:LEN - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,361 shares of the construction company's stock after selling 7,212 shares during the quarter. Coastline Trust Co's holdings in Lennar were worth $2,777,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LEN. Crews Bank & Trust acquired a new stake in Lennar during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. lifted its position in shares of Lennar by 69.4% during the 4th 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. Hurley Capital LLC acquired a new position in shares of Lennar in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar during the fourth quarter valued at $28,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Lennar in the 4th quarter valued at $32,000. Institutional investors own 81.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research report on Monday, March 24th. Wedbush restated a "neutral" rating and issued a $158.00 target price on shares of Lennar in a report on Monday, March 17th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Wells Fargo & Company reduced their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Fifteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average price target of $150.07.

Lennar Trading Up 0.9 %

Shares of LEN traded up $0.98 during trading hours on Thursday, hitting $108.55. 1,105,983 shares of the stock traded hands, compared to its average volume of 3,369,597. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $193.80. The firm has a market capitalization of $28.63 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The business has a fifty day moving average of $115.03 and a 200-day moving average of $140.82.

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, beating analysts' consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. Lennar's payout ratio is 14.57%.

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.