AMG National Trust Bank Purchases Shares of 19,033 Lennar Corporation $LEN

Key Points

• AMG National Trust Bank purchased a new stake of 19,033 shares of Lennar (NYSE:LEN) in Q4, valued at roughly $1.96 million per its Form 13F filing.
• Analyst sentiment has weakened — MarketBeat shows a consensus rating of Reduce and a consensus price target of $99.87 after several downgrades and target cuts.
• Lennar recently missed quarterly EPS expectations ($0.88 vs. $0.95) with revenue down 13.3% year-over-year, and the company announced a $0.50 quarterly dividend (2.2% yield).

AMG National Trust Bank purchased a new stake in shares of Lennar Corporation (NYSE:LEN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,033 shares of the construction company's stock, valued at approximately $1,957,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LEN. Guerra Advisors Inc bought a new stake in Lennar during the third quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Lennar in the third quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the third quarter worth about $26,000. High Point Wealth Management LLC bought a new stake in shares of Lennar in the fourth quarter worth about $31,000. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Lennar by 102.7% in the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company's stock worth $47,000 after purchasing an additional 188 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LEN shares. Seaport Research Partners reaffirmed a "sell" rating and issued a $74.00 target price (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. Wells Fargo & Company reduced their target price on Lennar from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 8th. Argus reduced their target price on Lennar from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, April 15th. Weiss Ratings cut Lennar from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 16th. Finally, Truist Financial reduced their target price on Lennar from $95.00 to $90.00 and set a "hold" rating on the stock in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $99.87.

Lennar Trading Down 1.1%

Shares of NYSE LEN opened at $92.27 on Wednesday. Lennar Corporation has a 1-year low of $83.03 and a 1-year high of $144.24. The business's 50 day moving average is $96.88 and its two-hundred day moving average is $110.65. The stock has a market capitalization of $22.79 billion, a P/E ratio of 13.26, a PEG ratio of 2.05 and a beta of 1.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97.

Lennar (NYSE:LEN - Get Free Report) last announced its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business had revenue of $6.62 billion for the quarter, compared to analysts' expectations of $6.90 billion. During the same quarter last year, the firm earned $2.14 EPS. The firm's quarterly revenue was down 13.3% on a year-over-year basis. As a group, research analysts expect that Lennar Corporation will post 5.91 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, April 22nd. Lennar's payout ratio is 28.74%.

Lennar Company Profile

Lennar Corporation NYSE: LEN is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.

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