RWA Wealth Partners LLC Has $211,000 Stock Holdings in Lennar Co. (NYSE:LEN)

RWA Wealth Partners LLC lowered its position in shares of Lennar Co. (NYSE:LEN) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,550 shares of the construction company’s stock after selling 1,623 shares during the quarter. RWA Wealth Partners LLC’s holdings in Lennar were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LEN. Schroder Investment Management Group raised its holdings in Lennar by 18.4% during the 4th quarter. Schroder Investment Management Group now owns 154,078 shares of the construction company’s stock worth $20,985,000 after purchasing an additional 23,898 shares during the last quarter. Allianz SE bought a new stake in shares of Lennar during the fourth quarter worth approximately $229,000. Allstate Corp acquired a new position in Lennar in the fourth quarter valued at approximately $983,000. Brown Brothers Harriman & Co. boosted its stake in Lennar by 18.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,114 shares of the construction company’s stock valued at $152,000 after acquiring an additional 171 shares during the last quarter. Finally, X Square Capital LLC raised its position in shares of Lennar by 0.9% during the 4th quarter. X Square Capital LLC now owns 16,396 shares of the construction company’s stock valued at $2,236,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. StockNews.com cut shares of Lennar from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays reduced their price target on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $151.07.

Lennar Stock Performance

Shares of Lennar stock opened at $114.37 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a one year low of $111.26 and a one year high of $187.61. The stock’s 50-day moving average is $123.14 and its 200-day moving average is $149.97.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.75%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

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.