Mediolanum International Funds Ltd Sells 7,389 Shares of Lennar Co. (NYSE:LEN)

Mediolanum International Funds Ltd trimmed its position in Lennar Co. (NYSE:LEN) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,976 shares of the construction company’s stock after selling 7,389 shares during the period. Mediolanum International Funds Ltd’s holdings in Lennar were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Holocene Advisors LP purchased a new stake in shares of Lennar during the third quarter worth about $115,229,000. Pacer Advisors Inc. boosted its stake in Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Nordea Investment Management AB increased its stake in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after purchasing an additional 397,492 shares in the last quarter. KBC Group NV raised its holdings in shares of Lennar by 258.3% in the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after buying an additional 356,731 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after buying an additional 149,812 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Citigroup cut their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays cut their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday. Bank of America cut their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average target price of $167.50.

Lennar Stock Down 3.0 %

Shares of NYSE LEN opened at $131.25 on Monday. Lennar Co. has a 12-month low of $128.41 and a 12-month high of $193.80. The company has a market capitalization of $35.60 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66. 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’s 50-day moving average is $146.21 and its two-hundred day moving average is $166.24.

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). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.82 EPS. Equities analysts anticipate that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.52%. Lennar’s payout ratio is 13.95%.

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.