Shelton Capital Management Sells 9,000 Shares of Lennar Co. (NYSE:LEN)

Shelton Capital Management reduced its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 85.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,491 shares of the construction company's stock after selling 9,000 shares during the quarter. Shelton Capital Management's holdings in Lennar were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter valued at $25,000. Armstrong Advisory Group Inc. raised 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 worth $25,000 after purchasing an additional 75 shares in the last quarter. Hurley Capital LLC bought a new stake in Lennar in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the 4th quarter worth approximately $28,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $32,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE LEN traded up $1.74 on Thursday, hitting $104.50. 1,016,321 shares of the stock traded hands, compared to its average volume of 2,547,285. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 1.24 and a beta of 1.51. The business's fifty day moving average is $116.79 and its two-hundred day moving average is $143.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data 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. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. During the same period in the previous year, the business posted $2.57 EPS. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's payout ratio is currently 14.57%.

Analyst Upgrades and Downgrades

LEN has been the subject of several analyst reports. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Citigroup cut their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. BTIG Research cut shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. UBS Group reduced their price target on shares of Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Wolfe Research cut Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. One 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 stock. Based on data from MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus target price of $150.07.

About Lennar

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.