Mitsubishi UFJ Trust & Banking Corp Sells 9,121 Shares of Lennar Co. (NYSE:LEN)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,554 shares of the construction company's stock after selling 9,121 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.11% of Lennar worth $38,805,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. boosted its stake in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new stake in Lennar during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Lennar during the 4th quarter worth approximately $28,000. ORG Wealth Partners LLC acquired a new position in Lennar in the 4th quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 51.0% during the fourth 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 period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on LEN shares. Barclays lowered their target price on Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, March 24th. Wolfe Research lowered Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Bank of America lowered their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company lowered their target price on shares of Lennar from $130.00 to $125.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average price target of $151.07.

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Lennar Stock Performance

Shares of Lennar stock traded up $0.86 during trading hours on Monday, hitting $114.79. 3,378,293 shares of the company's stock traded hands, compared to its average volume of 2,483,278. The stock has a market capitalization of $30.48 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.24 and a beta of 1.69. 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 12-month low of $111.26 and a 12-month high of $187.61. The company has a fifty day simple moving average of $123.51 and a 200-day simple moving average of $150.47.

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

Lennar Announces Dividend

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

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.