Lennar Co. (NYSE:LEN) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lessened its stake in Lennar Co. (NYSE:LEN - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,624 shares of the construction company's stock after selling 9,030 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Lennar were worth $1,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the 3rd quarter worth $27,000. Wolff Wiese Magana LLC increased its position in Lennar by 933.3% during the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Lennar during the third quarter worth about $30,000. Asset Dedication LLC boosted its holdings in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Lennar in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.36% of the stock is owned by company insiders.

Lennar Price Performance

LEN stock opened at $138.50 on Thursday. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The firm has a market capitalization of $37.57 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.21 and a beta of 1.66. 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 business's 50-day moving average is $154.76 and its two-hundred day moving average is $167.57.

Lennar (NYSE:LEN - Get Free Report) last issued 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 firm had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $10.06 billion. During the same quarter in the prior year, the firm earned $4.82 EPS. The firm's revenue was down 9.3% compared to the same quarter last year. Analysts anticipate that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar's dividend payout ratio is presently 13.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, December 23rd. JPMorgan Chase & Co. cut their price objective on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Zelman & Associates raised shares of Lennar from a "neutral" rating to an "outperform" rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada upgraded shares of Lennar from an "underperform" rating to a "sector perform" rating and set a $130.00 price objective on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $171.50.

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.