Lennar Co. (NYSE:LEN) Holdings Lowered by Evoke Wealth LLC

Evoke Wealth LLC trimmed its stake in shares of Lennar Co. (NYSE:LEN) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,089 shares of the construction company’s stock after selling 90 shares during the period. Evoke Wealth LLC’s holdings in Lennar were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Armstrong Advisory Group Inc. lifted its position in shares of 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 in the last quarter. Crews Bank & Trust purchased a new stake in Lennar in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar during the 4th quarter valued at $28,000. ORG Wealth Partners LLC acquired a new position in shares of Lennar in the fourth quarter worth $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after acquiring an additional 79 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. UBS Group cut their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wedbush reaffirmed a “neutral” rating and set a $158.00 price objective on shares of Lennar in a research report on Monday. Finally, BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus target price of $164.53.

Lennar Trading Up 1.7 %

NYSE:LEN opened at $120.55 on Thursday. Lennar Co. has a 12 month low of $115.61 and a 12 month high of $187.61. The company’s 50 day moving average is $126.66 and its 200-day moving average is $154.18. The firm has a market cap of $32.01 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.24 and a beta of 1.69. 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 earnings results 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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the firm posted $4.82 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. Equities analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

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.