Apollon Wealth Management LLC Has $1.59 Million Position in Lennar Co. (NYSE:LEN)

Apollon Wealth Management LLC reduced its stake in Lennar Co. (NYSE:LEN) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,689 shares of the construction company’s stock after selling 1,547 shares during the period. Apollon Wealth Management LLC’s holdings in Lennar were worth $1,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEN. Gateway Investment Advisers LLC bought a new position in Lennar in the third quarter worth approximately $395,000. Exchange Traded Concepts LLC bought a new position in shares of Lennar in the 3rd quarter worth $305,000. Koshinski Asset Management Inc. bought a new stake in Lennar during the 3rd quarter valued at $332,000. Procyon Advisors LLC raised its holdings in Lennar by 1.5% during the third quarter. Procyon Advisors LLC now owns 9,714 shares of the construction company’s stock worth $1,821,000 after buying an additional 148 shares during the last quarter. Finally, Sapient Capital LLC increased its position in shares of Lennar by 0.4% during the third quarter. Sapient Capital LLC now owns 106,823 shares of the construction company’s stock worth $20,027,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Bank of America dropped their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada cut their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $167.19.

Lennar Price Performance

Shares of LEN stock opened at $122.61 on Tuesday. Lennar Co. has a fifty-two week low of $121.40 and a fifty-two week high of $193.80. The business’s 50 day moving average price is $141.34 and its 200-day moving average price is $164.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market cap of $32.56 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 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 business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the firm earned $4.82 EPS. The company’s revenue was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.63%. 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.