Gerber Kawasaki Wealth & Investment Management Sells 6,845 Shares of Lennar Co. (NYSE:LEN)

Gerber Kawasaki Wealth & Investment Management reduced its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,950 shares of the construction company's stock after selling 6,845 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Lennar were worth $6,675,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 75 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after buying an additional 79 shares in the last quarter. Howard Capital Management Inc. raised its position in shares of Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after buying an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in shares of Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after acquiring an additional 87 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Lennar by 1.9% in the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after acquiring an additional 95 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LEN has been the topic of a number of research reports. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Barclays dropped their price target on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, March 24th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Citigroup decreased their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

Shares of NYSE:LEN traded up $1.06 during midday trading on Wednesday, reaching $108.64. 1,675,281 shares of the company's stock were exchanged, compared to its average volume of 3,312,291. The firm has a market capitalization of $28.66 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $193.80. The company's 50 day simple moving average is $113.89 and its two-hundred day simple moving average is $138.56.

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

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.