Lennar Co. (NYSE:LEN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Lennar Co. (NYSE:LEN) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 273,192 shares of the construction company’s stock after selling 7,296 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lennar were worth $37,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in Lennar by 126.5% in the fourth quarter. Perigon Wealth Management LLC now owns 6,167 shares of the construction company’s stock valued at $868,000 after buying an additional 3,444 shares in the last quarter. Nilsine Partners LLC grew its position in shares of Lennar by 6.8% during the 4th quarter. Nilsine Partners LLC now owns 4,904 shares of the construction company’s stock valued at $669,000 after acquiring an additional 313 shares during the period. Lebenthal Global Advisors LLC increased its stake in shares of Lennar by 19.9% in the 4th quarter. Lebenthal Global Advisors LLC now owns 6,862 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,139 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in Lennar by 39.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,694 shares of the construction company’s stock worth $231,000 after purchasing an additional 480 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LEN has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. decreased their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. One equities research 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. According to MarketBeat.com, Lennar has an average rating of “Hold” and a consensus target price of $168.38.

Lennar Price Performance

Shares of LEN stock opened at $135.22 on Friday. The firm’s 50-day moving average is $147.63 and its two-hundred day moving average is $166.67. Lennar Co. has a 12 month low of $128.41 and a 12 month high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company has a market capitalization of $36.68 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 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 analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.82 earnings per share. Analysts predict that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.48%. 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.