Lennar Co. (NYSE:LEN) Holdings Cut by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Lennar Co. (NYSE:LEN - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,372 shares of the construction company's stock after selling 107,094 shares during the quarter. Janus Henderson Group PLC's holdings in Lennar were worth $14,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LEN. The Manufacturers Life Insurance Company raised its holdings in Lennar by 3.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock valued at $834,115,000 after buying an additional 213,003 shares during the period. Pacer Advisors Inc. increased its position in shares of Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after acquiring an additional 589,553 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 515,378 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Lennar during the 4th quarter worth $218,533,000. Finally, Eminence Capital LP increased its holdings in Lennar by 43.4% in the 4th quarter. Eminence Capital LP now owns 685,225 shares of the construction company's stock valued at $93,444,000 after purchasing an additional 207,343 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Down 1.2%

Shares of LEN stock traded down $1.22 during trading hours on Thursday, hitting $104.41. 473,707 shares of the company were exchanged, compared to its average volume of 3,154,933. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 1.24 and a beta of 1.41. Lennar Co. has a one year low of $98.42 and a one year high of $193.80. The business's 50-day simple moving average is $110.16 and its two-hundred day simple moving average is $131.32. 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 (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping 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 quarter last year, the business posted $2.57 EPS. Lennar's quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.92%. Lennar's payout ratio is 14.57%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays reduced their price objective on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, March 24th. Wedbush reissued a "neutral" rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Royal Bank of Canada lowered their price objective on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research report on Monday, March 24th. 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 research report on Tuesday, March 25th. Finally, Bank of America lowered their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Fifteen investment 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's stock. According to MarketBeat.com, Lennar currently has an average rating of "Hold" and a consensus target price of $150.07.

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.