Lennar Co. (NYSE:LEN) Holdings Trimmed by Clarius Group LLC

Clarius Group LLC lowered its holdings in Lennar Co. (NYSE:LEN) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,556 shares of the construction company’s stock after selling 81 shares during the period. Clarius Group LLC’s holdings in Lennar were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LEN. Brighton Jones LLC grew its stake in Lennar by 8.3% during the 2nd quarter. Brighton Jones LLC now owns 1,587 shares of the construction company’s stock valued at $238,000 after acquiring an additional 121 shares in the last quarter. Summit Trail Advisors LLC grew its position in Lennar by 9.5% during the second quarter. Summit Trail Advisors LLC now owns 2,187 shares of the construction company’s stock valued at $328,000 after purchasing an additional 190 shares in the last quarter. ProShare Advisors LLC increased its stake in Lennar by 6.8% in the 2nd quarter. ProShare Advisors LLC now owns 43,459 shares of the construction company’s stock valued at $6,513,000 after buying an additional 2,769 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in Lennar in the 2nd quarter worth approximately $442,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of Lennar by 21.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 29,698 shares of the construction company’s stock valued at $4,451,000 after buying an additional 5,318 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LEN. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Citigroup cut their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Finally, Evercore ISI decreased their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $171.50.

Lennar Trading Up 0.6 %

Shares of Lennar stock opened at $141.55 on Monday. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.21 and a beta of 1.66. Lennar Co. has a 1 year low of $128.41 and a 1 year high of $193.80. The company’s fifty day simple moving average is $152.92 and its 200-day simple moving average is $167.49. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced 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). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the company posted $4.82 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Lennar Co. will post 13.02 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. Lennar’s payout ratio is 13.95%.

Insider Buying and Selling

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.36% of the stock is owned by company insiders.

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.