Lennar Co. (NYSE:LEN) Holdings Lifted by Center For Asset Management LLC

Center For Asset Management LLC boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,350 shares of the construction company’s stock after acquiring an additional 104 shares during the quarter. Center For Asset Management LLC’s holdings in Lennar were worth $457,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LEN. Oakworth Capital Inc. acquired a new position in Lennar in the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC lifted its stake in Lennar by 933.3% in the third 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. bought a new stake in Lennar in the third quarter worth approximately $30,000. Asset Dedication LLC increased its stake in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $132.40 on Monday. The business has a 50 day simple moving average of $149.60 and a 200 day simple moving average of $167.06. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The company has a market capitalization of $35.91 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last posted its 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 return on equity of 13.93% and a net margin of 11.10%. The firm 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 company posted $4.82 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lennar Co. will post 13.02 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.51%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Ratings Changes

A number of brokerages have recently commented on LEN. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. UBS Group cut their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Lennar currently has an average rating of “Hold” and an average target price of $171.50.

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.