Banco Bilbao Vizcaya Argentaria S.A. Sells 39,347 Shares of Lennar Corporation $LEN

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Lennar Corporation (NYSE:LEN - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,272 shares of the construction company's stock after selling 39,347 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.07% of Lennar worth $20,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Secured Retirement Advisors LLC bought a new position in Lennar during the first quarter valued at $926,000. Marks Group Wealth Management Inc lifted its position in shares of Lennar by 15.4% during the first quarter. Marks Group Wealth Management Inc now owns 2,183 shares of the construction company's stock worth $251,000 after acquiring an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lennar by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 208,763 shares of the construction company's stock worth $23,962,000 after acquiring an additional 4,332 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of Lennar by 24.8% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 42,041 shares of the construction company's stock worth $4,825,000 after acquiring an additional 8,357 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Lennar by 5.4% during the first quarter. Brown Advisory Inc. now owns 6,965 shares of the construction company's stock worth $799,000 after acquiring an additional 354 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LEN has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their target price on Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research report on Friday, June 20th. JMP Securities lowered their price objective on Lennar from $150.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, June 20th. Zelman & Associates downgraded Lennar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada lowered their price objective on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. Finally, Barclays lowered their price objective on Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $128.85.

Lennar Stock Down 0.4%

LEN opened at $131.43 on Tuesday. The stock has a market cap of $34.04 billion, a PE ratio of 10.87, a P/E/G ratio of 5.60 and a beta of 1.29. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $193.80. The business's fifty day simple moving average is $114.40 and its 200 day simple moving average is $113.94.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same period last year, the business posted $3.45 earnings per share. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is 16.54%.

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.

Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Corporation (NYSE:LEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.