Hancock Whitney Corp Sells 5,234 Shares of Lennar Co. (NYSE:LEN)

Hancock Whitney Corp decreased its position in Lennar Co. (NYSE:LEN - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,796 shares of the construction company's stock after selling 5,234 shares during the quarter. Hancock Whitney Corp's holdings in Lennar were worth $5,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LEN. Armstrong Advisory Group Inc. grew its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 75 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after purchasing an additional 79 shares during the last quarter. Howard Capital Management Inc. lifted its stake in Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after purchasing an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after buying an additional 87 shares during the last quarter. Finally, Greenleaf Trust lifted its position 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 buying an additional 95 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LEN. Wedbush restated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. StockNews.com upgraded shares of Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Evercore ISI reissued an "in-line" rating and set a $131.00 price target (down from $159.00) on shares of Lennar in a report on Monday, March 24th. Barclays dropped their target price on Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, March 24th. Finally, Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Fifteen analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Trading Down 1.1 %

Shares of LEN stock traded down $1.19 during mid-day trading on Tuesday, reaching $106.97. 689,014 shares of the stock traded hands, compared to its average volume of 3,317,475. The stock's fifty day simple moving average is $114.19 and its two-hundred day simple moving average is $138.77. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a market cap of $28.22 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

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

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio is presently 14.57%.

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.