Entropy Technologies LP Has $231,000 Position in Lennar Co. (NYSE:LEN)

Entropy Technologies LP decreased its position in shares of Lennar Co. (NYSE:LEN) by 85.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,691 shares of the construction company’s stock after selling 9,690 shares during the period. Entropy Technologies LP’s holdings in Lennar were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its position in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Lennar during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in Lennar during the 3rd quarter worth $27,000. Wolff Wiese Magana LLC increased its holdings in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Lennar during the third quarter valued at about $30,000. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of NYSE LEN opened at $123.80 on Friday. The firm has a market capitalization of $32.87 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.28 and a beta of 1.67. The firm’s 50-day moving average price is $138.43 and its 200-day moving average price is $163.66. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $119.25 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results 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). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.82 EPS. Equities research analysts anticipate that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued 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 1.62%. Lennar’s payout ratio is 13.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. UBS Group dropped their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays decreased their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Wedbush reissued a “neutral” rating and issued a $164.00 price target on shares of Lennar in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $166.06.

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.