Denali Advisors LLC Has $561,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Denali Advisors LLC decreased its position in shares of Lennar Co. (NYSE:LEN) by 22.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,114 shares of the construction company’s stock after selling 1,205 shares during the period. Denali Advisors LLC’s holdings in Lennar were worth $561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP bought a new stake in shares of Lennar in the 3rd quarter valued at approximately $115,229,000. Pacer Advisors Inc. lifted its stake in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after acquiring an additional 589,553 shares during the last quarter. Nordea Investment Management AB grew its position in Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares in the last quarter. KBC Group NV increased its stake in shares of Lennar by 258.3% during the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after purchasing an additional 356,731 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Lennar by 2,774.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock valued at $16,793,000 after purchasing an additional 118,858 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LEN shares. Royal Bank of Canada lowered their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Citigroup reduced their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wedbush reiterated a “neutral” rating and set a $164.00 price target on shares of Lennar in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Trading Down 2.3 %

Lennar stock opened at $121.51 on Thursday. The business has a 50 day moving average price of $131.43 and a two-hundred day moving average price of $160.08. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $117.90 and a 12 month high of $193.80. The stock has a market cap of $32.26 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the company posted $4.82 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.65%. Lennar’s payout ratio is currently 13.95%.

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.