GTS Securities LLC Cuts Position in Lennar Co. (NYSE:LEN)

GTS Securities LLC cut its position in Lennar Co. (NYSE:LEN - Free Report) by 76.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,396 shares of the construction company's stock after selling 30,203 shares during the quarter. GTS Securities LLC's holdings in Lennar were worth $1,281,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LEN. Vise Technologies Inc. lifted its position in Lennar by 120.1% during the 4th quarter. Vise Technologies Inc. now owns 8,300 shares of the construction company's stock worth $1,132,000 after acquiring an additional 4,529 shares during the period. JT Stratford LLC lifted its position in Lennar by 5.7% during the 4th quarter. JT Stratford LLC now owns 16,843 shares of the construction company's stock worth $2,297,000 after acquiring an additional 913 shares during the period. Waverly Advisors LLC acquired a new stake in Lennar during the 4th quarter worth approximately $329,000. Woodline Partners LP acquired a new stake in Lennar during the 4th quarter worth approximately $1,956,000. Finally, Vident Advisory LLC lifted its position in Lennar by 90.7% during the 4th quarter. Vident Advisory LLC now owns 18,107 shares of the construction company's stock worth $2,469,000 after acquiring an additional 8,611 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on LEN. Wall Street Zen raised Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Bank of America decreased their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $131.00 price target (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $150.07.

Lennar Price Performance

Shares of NYSE LEN traded down $2.93 during trading on Wednesday, reaching $105.16. The company had a trading volume of 2,465,221 shares, compared to its average volume of 2,633,726. The stock has a market capitalization of $27.74 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. 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 Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The stock has a 50-day moving average price of $109.07 and a two-hundred day moving average price of $129.18.

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

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Lennar 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.