Lennar Co. (NYSE:LEN) Holdings Decreased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 74.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,589 shares of the construction company's stock after selling 7,541 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Lennar were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% in the 4th 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 during the period. Wolff Wiese Magana LLC boosted its stake in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after acquiring an additional 79 shares during the period. 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 purchasing an additional 81 shares during the period. Premier Path Wealth Partners LLC lifted its holdings 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 purchasing an additional 87 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after purchasing an additional 95 shares during the period. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LEN shares. The Goldman Sachs Group reduced their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Evercore ISI restated an "in-line" rating and issued a $131.00 price target (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Bank of America decreased their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Citigroup decreased their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, Barclays reduced 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. Fifteen 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, the stock currently has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Performance

Shares of LEN opened at $110.11 on Monday. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The company has a 50-day moving average of $113.14 and a two-hundred day moving average of $136.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.24 and a beta of 1.41.

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

Lennar Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. Lennar's payout ratio is presently 14.57%.

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.

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