Shufro Rose & Co. LLC Sells 4,129 Shares of Lennar Co. (NYSE:LEN)

Shufro Rose & Co. LLC decreased its holdings in Lennar Co. (NYSE:LEN - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,803 shares of the construction company's stock after selling 4,129 shares during the period. Shufro Rose & Co. LLC's holdings in Lennar were worth $8,428,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Lennar in the fourth quarter worth about $218,533,000. Pacer Advisors Inc. increased its position in Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Wellington Management Group LLP lifted its stake in Lennar by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after purchasing an additional 515,378 shares during the last quarter. D1 Capital Partners L.P. boosted its position in Lennar by 67.3% in the fourth quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock valued at $88,116,000 after buying an additional 270,433 shares in the last quarter. Finally, Man Group plc grew its stake in shares of Lennar by 112.5% during the fourth quarter. Man Group plc now owns 506,722 shares of the construction company's stock worth $69,102,000 after buying an additional 268,209 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Trading Down 2.7%

LEN stock traded down $2.93 during midday trading on Wednesday, hitting $105.16. The stock had a trading volume of 2,465,221 shares, compared to its average volume of 2,633,726. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a market cap of $27.74 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The business has a fifty day moving average price of $109.07 and a two-hundred day moving average price of $129.18. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $187.61.

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

Lennar Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company dropped their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. UBS Group reduced their price target on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Barclays dropped their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, March 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $150.07.

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.