Hudson Valley Investment Advisors Inc. ADV Cuts Position in Lennar Co. (NYSE:LEN)

Hudson Valley Investment Advisors Inc. ADV trimmed its position in shares of Lennar Co. (NYSE:LEN) by 76.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,240 shares of the construction company’s stock after selling 33,584 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lennar were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in Lennar during the third quarter valued at $27,000. Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Lennar in the third quarter worth about $30,000. Asset Dedication LLC increased its stake in Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Finally, DT Investment Partners LLC lifted its stake in shares of Lennar by 523.3% in the 3rd quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after purchasing an additional 157 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

Lennar Price Performance

Shares of LEN opened at $133.52 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The company has a 50 day moving average price of $157.23 and a 200-day moving average price of $167.69. Lennar Co. has a fifty-two week low of $130.91 and a fifty-two week high of $193.80. The stock has a market capitalization of $36.22 billion, a PE ratio of 8.84, a PEG ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN) last announced its quarterly earnings results 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). The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.82 earnings per share. Equities analysts predict that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LEN has been the topic of several analyst reports. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective 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. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. JMP Securities increased their price objective on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company dropped their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $171.50.

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.