Level Four Advisory Services LLC Cuts Stake in Lennar Co. (NYSE:LEN)

Level Four Advisory Services LLC lowered its stake in Lennar Co. (NYSE:LEN - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,292 shares of the construction company's stock after selling 2,526 shares during the period. Level Four Advisory Services LLC's holdings in Lennar were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. X Square Capital LLC lifted its stake in shares of Lennar by 0.9% in the 4th quarter. X Square Capital LLC now owns 16,396 shares of the construction company's stock worth $2,236,000 after acquiring an additional 141 shares during the period. New Age Alpha Advisors LLC acquired a new position in Lennar during the 4th quarter worth approximately $3,564,000. Loomis Sayles & Co. L P purchased a new position in shares of Lennar during the 4th quarter worth approximately $82,000. NEOS Investment Management LLC boosted its stake in shares of Lennar by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the construction company's stock valued at $1,525,000 after buying an additional 2,483 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Lennar by 27.9% during the fourth quarter. UniSuper Management Pty Ltd now owns 21,340 shares of the construction company's stock worth $2,910,000 after acquiring an additional 4,658 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on LEN. StockNews.com lowered shares of Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. JPMorgan Chase & Co. lowered their target price 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. Barclays reduced their price target on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, March 24th. BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Finally, Citigroup reduced their price objective on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One research 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 company. According to MarketBeat.com, Lennar has an average rating of "Hold" and a consensus price target of $151.07.

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Lennar Price Performance

Lennar stock traded up $2.47 during midday trading on Friday, reaching $110.87. 7,728,176 shares of the company were exchanged, compared to its average volume of 2,516,867. The company has a market capitalization of $29.44 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm's 50-day simple moving average is $121.78 and its 200-day simple moving average is $148.91. Lennar Co. has a 1 year low of $104.15 and a 1 year high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the business posted $2.57 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, January 29th. Lennar's dividend payout ratio (DPR) is 14.57%.

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.