LFA Lugano Financial Advisors SA Trims Position in Lennar Co. (NYSE:LEN)

LFA Lugano Financial Advisors SA lowered its holdings in Lennar Co. (NYSE:LEN) by 30.1% during the fourth quarter, Holdings Channel reports. The fund owned 469 shares of the construction company’s stock after selling 202 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Lennar were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LEN. Skandinaviska Enskilda Banken AB publ increased its holdings in Lennar by 29.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 82,572 shares of the construction company’s stock valued at $11,246,000 after buying an additional 18,800 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in Lennar by 5.2% in the 4th quarter. Achmea Investment Management B.V. now owns 135,301 shares of the construction company’s stock valued at $18,451,000 after buying an additional 6,701 shares in the last quarter. Rakuten Securities Inc. increased its stake in Lennar by 104.3% during the 4th quarter. Rakuten Securities Inc. now owns 909 shares of the construction company’s stock worth $124,000 after buying an additional 464 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Lennar by 4.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,092 shares of the construction company’s stock valued at $694,000 after acquiring an additional 237 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Lennar by 19.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,854 shares of the construction company’s stock worth $798,000 after acquiring an additional 964 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Keefe, Bruyette & Woods cut shares of Lennar from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $152.00 to $141.00 in a research note on Tuesday. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus target price of $163.19.

Lennar Trading Down 2.2 %

LEN opened at $118.76 on Thursday. The business has a fifty day moving average price of $128.24 and a 200 day moving average price of $156.40. 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 12 month low of $116.67 and a 12 month high of $187.61. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.24 and a beta of 1.69.

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 the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the firm posted $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

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.