Ensign Peak Advisors Inc Sells 3,701 Shares of Lennar Co. (NYSE:LEN)

Ensign Peak Advisors Inc decreased its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,415 shares of the construction company's stock after selling 3,701 shares during the period. Ensign Peak Advisors Inc's holdings in Lennar were worth $14,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Armstrong Advisory Group Inc. increased its position in shares of 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 acquiring an additional 75 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Lennar during the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Lennar during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar during the fourth quarter valued at approximately $28,000. Finally, Wolff Wiese Magana LLC increased its position 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 valued at $32,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Stock Performance

Shares of Lennar stock traded up $1.56 on Friday, hitting $111.67. 2,573,001 shares of the company's stock were exchanged, compared to its average volume of 2,615,852. The company has a 50-day simple moving average of $110.70 and a 200-day simple moving average of $132.32. The stock has a market capitalization of $29.46 billion, a PE ratio of 7.79, a PEG ratio of 1.24 and a beta of 1.41. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is 14.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LEN shares. Wells Fargo & Company reduced their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Wedbush reaffirmed a "neutral" rating and issued a $158.00 target price on shares of Lennar in a research report on Monday, March 17th. StockNews.com raised shares of Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Bank of America cut their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $150.07.

Lennar Company 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.