Van ECK Associates Corp Reduces Stock Holdings in Lennar Co. (NYSE:LEN)

Van ECK Associates Corp cut its holdings in shares of Lennar Co. (NYSE:LENFree Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,377 shares of the construction company’s stock after selling 454 shares during the quarter. Van ECK Associates Corp’s holdings in Lennar were worth $5,915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LEN. International Assets Investment Management LLC raised its stake in shares of Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after buying an additional 149,812 shares in the last quarter. Smead Capital Management Inc. grew its stake in Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after buying an additional 41,264 shares during the last quarter. Polianta Ltd acquired a new position in shares of Lennar during the 4th quarter worth about $900,000. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Trading Up 0.1 %

NYSE LEN opened at $123.85 on Tuesday. 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 $32.88 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The company’s 50-day simple moving average is $136.81 and its two-hundred day simple moving average is $162.78. Lennar Co. has a one year low of $119.25 and a one year high of $193.80.

Lennar (NYSE:LENGet Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS 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 for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the firm posted $4.82 earnings per share. The business’s revenue was down 9.3% on a year-over-year basis. Equities analysts forecast that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LEN shares. Citigroup decreased their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. UBS Group lowered their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $166.06.

Get Our Latest Stock Report on Lennar

Lennar Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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