Twin Capital Management Inc. Reduces Stock Position in Lennar Co. (NYSE:LEN)

Twin Capital Management Inc. cut its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,220 shares of the construction company's stock after selling 2,300 shares during the period. Twin Capital Management Inc.'s holdings in Lennar were worth $3,439,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. grew its holdings 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 worth $25,000 after buying an additional 75 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after acquiring an additional 79 shares during the last quarter. Howard Capital Management Inc. lifted its stake in Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after purchasing an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of Lennar by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after purchasing an additional 87 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Lennar by 1.7% in the third quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company's stock valued at $1,036,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

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Lennar Stock Up 0.7 %

Shares of NYSE LEN traded up $0.68 during midday trading on Friday, hitting $105.17. The company's stock had a trading volume of 2,766,087 shares, compared to its average volume of 2,560,350. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The business's fifty day simple moving average is $118.05 and its two-hundred day simple moving average is $144.99. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. 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 (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, topping 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 analyst estimates of $7.44 billion. During the same quarter in the prior year, the company earned $2.57 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. Lennar's payout ratio is 14.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LEN. Wells Fargo & Company dropped their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods cut their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research report on Tuesday, March 25th. StockNews.com lowered shares of Lennar from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Wedbush restated a "neutral" rating and set a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Finally, Bank of America decreased their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lennar has an average rating of "Hold" and a consensus price target of $150.07.

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.