LFA Lugano Financial Advisors SA Decreases Stock Holdings in Lennar Co. (NYSE:LEN)

LFA Lugano Financial Advisors SA cut its holdings in Lennar Co. (NYSE:LEN) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 469 shares of the construction company’s stock after selling 202 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Lennar were worth $61,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LEN. Armstrong Advisory Group Inc. increased its position in shares of Lennar by 69.4% during the 4th 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 during the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Lennar in the fourth quarter worth about $28,000. ORG Wealth Partners LLC purchased a new position in shares of Lennar during the fourth quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after buying an additional 79 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Down 2.2 %

Lennar stock opened at $118.76 on Thursday. The business has a fifty day moving average price of $128.24 and a 200-day moving average price of $156.40. Lennar Co. has a 1-year low of $116.67 and a 1-year high of $187.61. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 8.28, 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 (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.82 earnings per share. Equities research analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Citigroup dropped their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods downgraded shares of Lennar from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $152.00 to $141.00 in a research note on Tuesday. Finally, Barclays dropped their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus target price of $163.19.

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.