Atria Wealth Solutions Inc. Sells 592 Shares of Lennar Co. (NYSE:LEN)

Atria Wealth Solutions Inc. lowered its position in Lennar Co. (NYSE:LEN) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,681 shares of the construction company’s stock after selling 592 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lennar were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. grew its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust bought a new position in shares of Lennar during the fourth quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Lennar in the fourth quarter worth about $32,000. Wolff Wiese Magana LLC lifted its stake in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in Lennar during the 3rd quarter valued at about $39,000. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. UBS Group cut their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Barclays cut their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $163.88.

Lennar Trading Down 1.0 %

NYSE:LEN opened at $120.34 on Friday. The company has a market cap of $31.95 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $131.07 and a two-hundred day simple moving average of $159.81. Lennar Co. has a 12 month low of $117.90 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $4.82 EPS. Research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 13.95%.

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.