Swiss National Bank Sells 42,700 Shares of Lennar Co. (NYSE:LEN)

Swiss National Bank reduced its holdings in Lennar Co. (NYSE:LEN) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 674,672 shares of the construction company’s stock after selling 42,700 shares during the quarter. Swiss National Bank owned about 0.25% of Lennar worth $92,005,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in Lennar in the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. grew its stake 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 acquiring an additional 75 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Lennar in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Lennar in the third quarter valued at approximately $39,000. Finally, Quarry LP grew its stake in Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN opened at $118.06 on Friday. The firm has a market cap of $31.35 billion, a PE ratio of 8.23, a PEG ratio of 1.24 and a beta of 1.69. The stock’s fifty day moving average price is $127.53 and its two-hundred day moving average price is $155.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 1 year low of $115.61 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last released its quarterly earnings data 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 net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the previous year, the firm posted $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. Lennar’s payout ratio is 13.95%.

Analyst Ratings Changes

LEN has been the topic of several analyst reports. 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. 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. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada cut their target price on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. 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. Fifteen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lennar has an average rating of “Hold” and an average price target of $165.93.

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.