Lennar Co. (NYSE:LEN) Shares Acquired by Asset Management Advisors LLC

Asset Management Advisors LLC grew its holdings in shares of Lennar Co. (NYSE:LEN) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,342 shares of the construction company’s stock after acquiring an additional 315 shares during the quarter. Lennar accounts for approximately 5.3% of Asset Management Advisors LLC’s investment portfolio, making the stock its 7th largest position. Asset Management Advisors LLC’s holdings in Lennar were worth $7,274,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Lennar by 23,048.0% during the third 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 in the last quarter. Smead Capital Management Inc. grew its holdings in shares of Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Lennar by 147.6% during the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd bought a new stake in shares of Lennar during the fourth quarter worth about $900,000. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

LEN has been the topic of several research reports. Wells Fargo & Company reduced their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods reduced their price target on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Bank of America reduced their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Citigroup reduced their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $167.50.

Lennar Price Performance

Shares of NYSE:LEN opened at $131.25 on Monday. 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 twelve month low of $128.41 and a twelve month high of $193.80. The stock’s 50 day moving average is $146.21 and its 200-day moving average is $166.24. The firm has a market capitalization of $34.85 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the company earned $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. Sell-side analysts forecast that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, January 29th. Lennar’s payout ratio is currently 13.95%.

About Lennar

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.