Guggenheim Capital LLC Trims Stock Position in Lennar Co. (NYSE:LEN)

Guggenheim Capital LLC trimmed its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 64.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,927 shares of the construction company's stock after selling 8,883 shares during the quarter. Guggenheim Capital LLC's holdings in Lennar were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its stake 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 buying an additional 589,553 shares during the last quarter. Wellington Management Group LLP grew its stake in Lennar by 18.9% during 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. Nordea Investment Management AB grew its stake in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after purchasing an additional 397,492 shares during the last quarter. Cannell & Spears LLC grew its stake in Lennar by 1.0% during the 4th quarter. Cannell & Spears LLC now owns 514,970 shares of the construction company's stock valued at $70,226,000 after purchasing an additional 5,311 shares during the last quarter. Finally, Sound Shore Management Inc. CT grew its stake in Lennar by 12.2% during the 4th quarter. Sound Shore Management Inc. CT now owns 396,289 shares of the construction company's stock valued at $54,042,000 after purchasing an additional 42,949 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Trading Up 1.0 %

LEN traded up $1.06 on Wednesday, hitting $108.64. The company had a trading volume of 1,675,366 shares, compared to its average volume of 2,565,657. The firm has a market cap of $28.66 billion, a P/E ratio of 7.58, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The company's fifty day moving average price is $113.65 and its 200 day moving average price is $138.35. 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 (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on LEN shares. 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 lowered their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their target price on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 25th. Wells Fargo & Company reduced their price target on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $150.07.

About Lennar

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.