Robeco Institutional Asset Management B.V. Sells 7,296 Shares of Lennar Co. (NYSE:LEN)

Robeco Institutional Asset Management B.V. lowered its holdings in Lennar Co. (NYSE:LEN - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,192 shares of the construction company's stock after selling 7,296 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of Lennar worth $37,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Holocene Advisors LP purchased a new stake in shares of Lennar in the third quarter worth approximately $115,229,000. Pacer Advisors Inc. grew its holdings in Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after buying an additional 589,553 shares in the last quarter. Nordea Investment Management AB raised its position in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after buying an additional 397,492 shares during the last quarter. KBC Group NV lifted its stake in Lennar by 258.3% during the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company's stock valued at $92,774,000 after acquiring an additional 356,731 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company's stock worth $28,209,000 after acquiring an additional 149,812 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LEN. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, December 23rd. Bank of America cut their target price on Lennar from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada upgraded Lennar from an "underperform" rating to a "sector perform" rating and set a $130.00 price target on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Finally, Wolfe Research cut Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $167.50.

Lennar Stock Performance

Shares of NYSE:LEN traded down $4.94 during midday trading on Monday, reaching $126.30. 2,505,358 shares of the company traded hands, compared to its average volume of 3,455,986. The firm's fifty day moving average price is $146.21 and its two-hundred day moving average price is $166.24. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $125.21 and a 12 month high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.82 earnings per share. On average, equities analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.58%. Lennar's dividend payout ratio (DPR) is currently 13.95%.

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.