Axa S.A. Sells 8,112 Shares of Lennar Co. (NYSE:LEN)

AXA S.A. cut its stake in Lennar Co. (NYSE:LEN - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,928 shares of the construction company's stock after selling 8,112 shares during the period. AXA S.A.'s holdings in Lennar were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEN. 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 worth $25,000 after acquiring an additional 75 shares in the last quarter. Crews Bank & Trust bought a new position in Lennar in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new position in shares of Lennar during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Lennar during the fourth quarter worth approximately $28,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after purchasing an additional 79 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Bank of America lowered their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group reduced their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price target on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. Fifteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

Shares of NYSE:LEN traded down $0.17 during trading on Tuesday, reaching $112.38. The company had a trading volume of 2,196,211 shares, compared to its average volume of 3,200,647. The company has a fifty day moving average of $111.80 and a two-hundred day moving average of $133.76. The stock has a market capitalization of $29.65 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $193.80. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 EPS. Equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. Lennar's dividend payout ratio is presently 14.57%.

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.