Lennar Co. (NYSE:LEN) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in Lennar Co. (NYSE:LEN - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,121 shares of the construction company's stock after selling 52,658 shares during the quarter. Korea Investment CORP owned 0.08% of Lennar worth $29,063,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% in the 4th 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 purchased a new stake in shares of Lennar in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in Lennar during the 4th quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in Lennar in the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after purchasing an additional 79 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Up 0.8 %

NYSE:LEN traded up $0.86 on Monday, reaching $114.79. The stock had a trading volume of 3,378,293 shares, compared to its average volume of 2,483,276. Lennar Co. has a 12-month low of $111.26 and a 12-month high of $187.61. The stock has a market cap of $30.48 billion, a P/E ratio of 8.00, 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. The company has a 50-day moving average of $124.05 and a 200 day moving average of $150.94.

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Lennar (NYSE:LEN - Get Free Report) last announced 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 company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 EPS. On average, research analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar's payout ratio is currently 14.57%.

Analysts Set New Price Targets

LEN has been the topic of a number of analyst reports. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. UBS Group dropped their price target on shares of Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Wolfe Research lowered shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $151.07.

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.