Cypress Capital Group Has $651,000 Stake in Lennar Co. (NYSE:LEN)

Cypress Capital Group lowered its stake in Lennar Co. (NYSE:LEN - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,771 shares of the construction company's stock after selling 2,055 shares during the quarter. Cypress Capital Group's holdings in Lennar were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LEN. Armstrong Advisory Group Inc. lifted 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 in the last quarter. Crews Bank & Trust bought a new stake in shares of Lennar in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the fourth quarter worth $28,000. ORG Wealth Partners LLC bought a new stake in shares of Lennar in the fourth quarter worth $32,000. Finally, Wolff Wiese Magana LLC raised its position in Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $170.00 to $152.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Citigroup dropped their price target on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $163.88.

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Lennar Price Performance

Lennar stock traded down $0.90 during trading hours on Friday, reaching $125.24. 2,743,537 shares of the stock were exchanged, compared to its average volume of 2,328,247. The company has a market cap of $33.25 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. 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 twelve month low of $116.67 and a twelve month high of $187.61. The stock has a 50 day moving average of $129.11 and a two-hundred day moving average of $157.65.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm's revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $4.82 EPS. Equities analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.60%. 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.