TCW Group Inc. Sells 7,993 Shares of Lennar Co. (NYSE:LEN)

TCW Group Inc. lessened its position in Lennar Co. (NYSE:LEN) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 556,420 shares of the construction company’s stock after selling 7,993 shares during the period. TCW Group Inc.’s holdings in Lennar were worth $75,879,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Crews Bank & Trust bought a new stake in Lennar in the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new stake in Lennar in the 3rd quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in Lennar in the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 1.7 %

Shares of Lennar stock opened at $120.59 on Friday. 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 stock has a market capitalization of $32.02 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. Lennar Co. has a 52-week low of $117.90 and a 52-week high of $193.80. The company has a 50-day simple moving average of $133.10 and a two-hundred day simple moving average of $161.07.

Lennar (NYSE:LEN) last issued its 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 analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 earnings per share. On average, analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.66%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LEN. Bank of America cut their target price on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Barclays cut their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average price target of $163.88.

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.