Crossmark Global Holdings Inc. Has $6.53 Million Holdings in Lennar Co. (NYSE:LEN)

Crossmark Global Holdings Inc. decreased its stake in shares of Lennar Co. (NYSE:LEN) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,904 shares of the construction company’s stock after selling 3,641 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lennar were worth $6,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LEN. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC increased its position in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Lennar during the 3rd quarter worth approximately $30,000. Finally, Asset Dedication LLC boosted its holdings in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated 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 transaction, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.36% of the company’s stock.

Lennar Stock Performance

NYSE:LEN opened at $133.04 on Wednesday. The company has a market capitalization of $36.09 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.37 and a beta of 1.66. The business has a fifty day simple moving average of $152.31 and a two-hundred day simple moving average of $167.47. 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 Co. has a 1 year low of $128.41 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last announced 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). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate 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 firm posted $4.82 earnings per share. On average, analysts expect that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed 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 yield of 1.50%. Lennar’s dividend payout ratio is 13.95%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LEN shares. JPMorgan Chase & Co. lowered 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. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, UBS Group decreased their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and an average price target of $171.50.

Lennar Company 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.