Distillate Capital Partners LLC Sells 66,025 Shares of Lennar Co. (NYSE:LEN)

Distillate Capital Partners LLC cut its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,445 shares of the construction company's stock after selling 66,025 shares during the period. Distillate Capital Partners LLC owned 0.06% of Lennar worth $20,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LEN. Armstrong Advisory Group Inc. raised its stake in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 75 shares during the period. Wolff Wiese Magana LLC raised its stake in Lennar by 51.0% in the 4th 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 during the period. Howard Capital Management Inc. lifted its holdings in Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after purchasing an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after purchasing an additional 87 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Lennar by 1.7% in the third quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company's stock valued at $1,036,000 after purchasing an additional 92 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

LEN has been the subject of several research analyst reports. Bank of America reduced their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Barclays decreased their target price on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, March 24th. BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Royal Bank of Canada decreased their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a report on Monday, March 24th. Finally, StockNews.com downgraded Lennar from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. 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 company presently has an average rating of "Hold" and an average price target of $150.07.

Lennar Price Performance

Shares of LEN stock traded down $0.95 during trading hours on Tuesday, reaching $105.12. The company's stock had a trading volume of 1,508,091 shares, compared to its average volume of 2,555,060. 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 fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a market capitalization of $27.73 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.24 and a beta of 1.51. The firm's 50 day simple moving average is $117.18 and its 200-day simple moving average is $143.89.

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

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.90%. Lennar's dividend payout ratio is currently 14.57%.

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.