Eagle Wealth Strategies LLC Sells 100 Shares of Lennar Co. (NYSE:LEN)

Eagle Wealth Strategies LLC reduced its position in shares of Lennar Co. (NYSE:LEN) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,472 shares of the construction company’s stock after selling 100 shares during the period. Eagle Wealth Strategies LLC’s holdings in Lennar were worth $337,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LEN. Transform Wealth LLC boosted its position in Lennar by 3.9% during the 4th quarter. Transform Wealth LLC now owns 33,456 shares of the construction company’s stock valued at $4,562,000 after acquiring an additional 1,244 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of Lennar by 25.0% during the fourth quarter. Clear Harbor Asset Management LLC now owns 16,501 shares of the construction company’s stock valued at $2,250,000 after buying an additional 3,303 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Lennar by 3.6% in the fourth quarter. Ballentine Partners LLC now owns 3,261 shares of the construction company’s stock worth $445,000 after purchasing an additional 114 shares during the last quarter. Central Bank & Trust Co. raised its position in Lennar by 6.1% in the 4th quarter. Central Bank & Trust Co. now owns 8,387 shares of the construction company’s stock worth $1,144,000 after buying an additional 482 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Lennar by 56.7% during the fourth quarter. UMB Bank n.a. now owns 835 shares of the construction company’s stock valued at $114,000 after purchasing an additional 302 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Insider Activity at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.36% of the stock is currently owned by corporate insiders.

Lennar Stock Performance

Lennar stock opened at $133.04 on Wednesday. Lennar Co. has a fifty-two week low of $128.41 and a fifty-two week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a 50 day moving average price of $152.31 and a 200-day moving average price of $167.47. The company has a market capitalization of $36.09 billion, a PE ratio of 9.28, a P/E/G ratio of 1.37 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the business posted $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts forecast that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several research reports. JMP Securities raised their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Barclays reduced their price objective on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.50.

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.