Transcend Capital Advisors LLC Sells 1,730 Shares of Lennar Co. (NYSE:LEN)

Transcend Capital Advisors LLC decreased its holdings in Lennar Co. (NYSE:LEN) by 41.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,419 shares of the construction company’s stock after selling 1,730 shares during the period. Transcend Capital Advisors LLC’s holdings in Lennar were worth $330,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Paradigm Asset Management Co. LLC grew its stake in shares of Lennar by 28.7% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 13,000 shares of the construction company’s stock worth $1,773,000 after purchasing an additional 2,900 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Lennar in the fourth quarter worth $205,000. ING Groep NV grew its stake in shares of Lennar by 319.8% in the fourth quarter. ING Groep NV now owns 135,701 shares of the construction company’s stock worth $18,506,000 after purchasing an additional 103,375 shares during the last quarter. Freedom Day Solutions LLC grew its stake in shares of Lennar by 13.4% in the fourth quarter. Freedom Day Solutions LLC now owns 17,248 shares of the construction company’s stock worth $2,352,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Lennar by 6.5% in the fourth quarter. Private Advisor Group LLC now owns 7,115 shares of the construction company’s stock worth $970,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

Shares of NYSE LEN opened at $120.59 on Monday. Lennar Co. has a fifty-two week low of $117.90 and a fifty-two week high of $193.80. The stock has a market cap of $32.02 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.24 and a beta of 1.67. 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’s 50-day simple moving average is $133.10 and its 200 day simple moving average is $161.03.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the business posted $4.82 EPS. Lennar’s revenue was down 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given 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 payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the topic of a number of research analyst reports. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wedbush reaffirmed a “neutral” rating and set a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, UBS Group cut their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.