Mediolanum International Funds Ltd decreased its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,976 shares of the construction company's stock after selling 7,389 shares during the period. Mediolanum International Funds Ltd's holdings in Lennar were worth $1,355,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in LEN. Oakworth Capital Inc. acquired a new stake in shares of Lennar during the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new stake in Lennar in the third quarter valued at about $30,000. Asset Dedication LLC lifted its stake in Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Lennar during the fourth quarter valued at approximately $25,000. 81.10% of the stock is owned by institutional investors and hedge funds.
Lennar Price Performance
LEN traded down $0.38 during trading on Thursday, hitting $127.11. 3,310,116 shares of the stock traded hands, compared to its average volume of 3,475,238. The business has a 50 day moving average price of $143.33 and a 200 day moving average price of $165.36. The company has a market cap of $33.75 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.32 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a twelve month low of $125.21 and a twelve month high of $193.80.
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 (EPS) for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.82 EPS. Equities research analysts forecast that Lennar Co. will post 12.52 earnings per share for the current fiscal year.
Lennar Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.57%. 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
LEN has been the topic of several research reports. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Bank of America cut their price objective on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. 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. Citigroup dropped 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. Finally, Royal Bank of Canada decreased their target price on Lennar from $130.00 to $125.00 and set a "sector perform" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Lennar presently has an average rating of "Hold" and an average target price of $167.19.
Get Our Latest Stock Report on Lennar
Lennar Company Profile
(
Free Report)
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.
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