Yousif Capital Management LLC Has $4.29 Million Position in Lennar Co. (NYSE:LEN)

Yousif Capital Management LLC decreased its holdings in shares of Lennar Co. (NYSE:LEN) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,460 shares of the construction company’s stock after selling 671 shares during the quarter. Yousif Capital Management LLC’s holdings in Lennar were worth $4,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the period. Smead Capital Management Inc. lifted its position in Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after buying an additional 89,896 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after buying an additional 41,264 shares during the period. Polianta Ltd purchased a new position in shares of Lennar during the 4th quarter valued at $900,000. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Lennar by 101.2% in the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after acquiring an additional 4,363 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE:LEN opened at $121.95 on Friday. The firm’s 50-day moving average is $142.39 and its 200-day moving average is $165.10. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.32 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 52-week low of $121.40 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings results 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $4.82 EPS. Equities research analysts anticipate that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio is 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Citigroup decreased their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $164.00 price objective 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 issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.19.

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.