Oppenheimer & Co. Inc. Has $324,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Oppenheimer & Co. Inc. decreased its stake in Lennar Co. (NYSE:LEN) by 30.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,376 shares of the construction company’s stock after selling 1,057 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Lennar were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LEN. Crews Bank & Trust acquired a new stake in shares of Lennar during the fourth quarter valued at approximately $25,000. Armstrong Advisory Group Inc. grew its position in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Lennar during the 3rd quarter valued at $39,000. Quarry LP lifted its holdings in shares of Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. UBS Group reduced their price target 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. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Wedbush restated a “neutral” rating and set a $164.00 price target on shares of Lennar in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $163.88.

Lennar Stock Down 0.7 %

Shares of Lennar stock opened at $125.24 on Friday. Lennar Co. has a 12-month low of $116.67 and a 12-month high of $187.61. The stock has a market capitalization of $33.25 billion, a P/E ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $129.11 and a two-hundred day moving average price of $157.65.

Lennar (NYSE:LEN) last posted its 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.82 earnings per share. Equities analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm 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. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. Lennar’s dividend payout ratio is presently 13.95%.

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.