Lennar Co. (NYSE:LEN) Stock Holdings Cut by KBC Group NV

KBC Group NV lowered its stake in Lennar Co. (NYSE:LEN - Free Report) by 69.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,943 shares of the construction company's stock after selling 341,905 shares during the quarter. KBC Group NV owned about 0.06% of Lennar worth $20,857,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEN. The Manufacturers Life Insurance Company raised its stake in shares of Lennar by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company's stock valued at $1,106,798,000 after purchasing an additional 73,638 shares during the period. Smead Capital Management Inc. grew its holdings in Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company's stock valued at $499,991,000 after purchasing an additional 89,896 shares in the last quarter. Nordea Investment Management AB increased its stake in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after buying an additional 397,492 shares during the period. Bamco Inc. NY boosted its position in Lennar by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 711,023 shares of the construction company's stock valued at $133,303,000 after buying an additional 17,834 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Lennar by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 691,910 shares of the construction company's stock valued at $129,719,000 after acquiring an additional 3,130 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on LEN shares. Barclays cut their price target on Lennar from $135.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Friday. Wolfe Research cut Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Lennar from $210.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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 given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $167.50.

Lennar Stock Performance

NYSE LEN traded down $4.01 during trading hours on Friday, hitting $131.25. The company had a trading volume of 2,176,252 shares, compared to its average volume of 3,236,114. Lennar Co. has a fifty-two week low of $128.41 and a fifty-two week high of $193.80. The firm has a market cap of $35.60 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $146.21 and a 200-day simple moving average of $166.26.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the business earned $4.82 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts predict that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar's dividend payout ratio is currently 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.