Lennar Corporation $LEN Stock Holdings Trimmed by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in Lennar by 43.4% in Q4, selling 36,163 shares and finishing with 47,128 shares worth about $4.845 million, according to its SEC filing.
• Lennar missed quarterly estimates—EPS $0.88 vs. $0.95 and revenue $6.62B vs. $6.90B (down 13.3% YoY)—and multiple analysts have lowered price targets, leaving the stock with an average rating of "Reduce" and a consensus target of $99.87.
• The company declared a quarterly dividend of $0.50 per share (annualized $2.00, ~2.3% yield); shares recently traded around $88.84, with a 12‑month range of $83.03–$144.24 and a market cap near $21.9 billion.

Robeco Institutional Asset Management B.V. reduced its stake in Lennar Corporation (NYSE:LEN - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,128 shares of the construction company's stock after selling 36,163 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Lennar were worth $4,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LEN. Guerra Advisors Inc acquired a new position in Lennar in the third quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in Lennar in the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC acquired a new position in Lennar in the third quarter valued at approximately $26,000. Washington Trust Advisors Inc. boosted its stake in Lennar by 102.7% in the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company's stock valued at $47,000 after acquiring an additional 188 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in Lennar in the second quarter valued at approximately $47,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada set a $88.00 target price on Lennar in a research note on Friday, January 9th. The Goldman Sachs Group reduced their price objective on Lennar from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Wells Fargo & Company reduced their price objective on Lennar from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. Citizens Jmp reiterated a "market perform" rating on shares of Lennar in a research report on Wednesday, January 7th. Finally, Seaport Research Partners reiterated a "sell" rating and set a $74.00 price objective (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $99.87.

Lennar Price Performance

Shares of NYSE:LEN opened at $88.84 on Friday. Lennar Corporation has a 12 month low of $83.03 and a 12 month high of $144.24. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.90 and a beta of 1.47. The stock's 50 day moving average price is $101.00 and its 200 day moving average price is $112.56. 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 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm earned $2.14 EPS. Lennar's revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $2.00 annualized dividend and a yield of 2.3%. Lennar's payout ratio is presently 28.74%.

Lennar 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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