Lennar Co. (NYSE:LEN) Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in shares of Lennar Co. (NYSE:LEN) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 761,904 shares of the construction company’s stock after selling 8,072 shares during the quarter. LSV Asset Management’s holdings in Lennar were worth $103,901,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Scotia Capital Inc. raised its position in shares of Lennar by 3.2% during the 4th quarter. Scotia Capital Inc. now owns 23,093 shares of the construction company’s stock valued at $3,149,000 after acquiring an additional 714 shares in the last quarter. German American Bancorp Inc. raised its holdings in shares of Lennar by 1.0% during the fourth quarter. German American Bancorp Inc. now owns 32,496 shares of the construction company’s stock worth $4,431,000 after purchasing an additional 306 shares during the period. Capula Management Ltd bought a new position in shares of Lennar in the 4th quarter worth about $3,323,000. Bank of Nova Scotia boosted its holdings in shares of Lennar by 120.8% in the 4th quarter. Bank of Nova Scotia now owns 223,311 shares of the construction company’s stock valued at $30,453,000 after buying an additional 122,169 shares during the period. Finally, Polymer Capital Management US LLC bought a new stake in shares of Lennar during the 4th quarter valued at about $823,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 3.6 %

LEN opened at $104.72 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 company has a market capitalization of $27.81 billion, a PE ratio of 7.30, a P/E/G ratio of 1.24 and a beta of 1.51. The stock’s fifty day moving average is $118.51 and its 200-day moving average is $145.53. Lennar Co. has a one year low of $98.42 and a one year high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.57 EPS. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. Lennar’s dividend payout ratio is currently 14.57%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their target price 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 lowered their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Royal Bank of Canada reduced their target price on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $150.07.

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.