Mount Lucas Management LP Decreases Stock Position in Lennar Co. (NYSE:LEN)

Mount Lucas Management LP lowered its stake in Lennar Co. (NYSE:LEN) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,399 shares of the construction company’s stock after selling 325 shares during the period. Mount Lucas Management LP’s holdings in Lennar were worth $707,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Ruffer LLP bought a new stake in shares of Lennar in the fourth quarter worth about $3,221,000. AlphaQuest LLC grew its stake in shares of Lennar by 3.9% in the fourth quarter. AlphaQuest LLC now owns 9,226 shares of the construction company’s stock worth $1,258,000 after purchasing an additional 348 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Lennar by 3.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 31,908 shares of the construction company’s stock worth $4,351,000 after purchasing an additional 939 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Lennar by 10.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,318 shares of the construction company’s stock worth $452,000 after purchasing an additional 322 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Lennar in the fourth quarter worth about $1,091,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of NYSE LEN opened at $125.24 on Monday. Lennar Co. has a twelve month low of $116.67 and a twelve month high of $187.61. The firm has a market cap of $33.25 billion, a P/E ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. The company has a 50 day moving average of $129.11 and a 200 day moving average of $157.49. The company has a quick ratio of 1.06, a current ratio of 4.71 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 earnings per share 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 analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.82 earnings per share. As a group, research analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Analysts Set New Price Targets

Several research firms have weighed in on LEN. Bank of America cut their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. UBS Group cut their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wedbush reaffirmed a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $163.88.

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.