Voya Investment Management LLC Sells 8,780 Shares of Lennar Co. (NYSE:LEN)

Voya Investment Management LLC lessened its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,973 shares of the construction company's stock after selling 8,780 shares during the quarter. Voya Investment Management LLC's holdings in Lennar were worth $9,542,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its holdings in Lennar by 69.4% during 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 during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after acquiring an additional 79 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Lennar by 0.3% in 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 last quarter. Premier Path Wealth Partners LLC lifted its stake in Lennar by 2.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after buying an additional 87 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Trading Up 1.8 %

LEN traded up $1.92 during trading on Friday, reaching $110.11. 1,803,489 shares of the company's stock were exchanged, compared to its average volume of 2,562,156. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market capitalization of $29.05 billion, a PE ratio of 7.68, a P/E/G ratio of 1.24 and a beta of 1.51. The company's fifty day moving average price is $113.42 and its 200-day moving average price is $137.84.

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 analysts' consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 EPS. As a group, equities analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 annualized dividend and a dividend yield of 1.82%. Lennar's dividend payout ratio is 14.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on LEN shares. Citigroup cut their target price on Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a report on Tuesday, March 25th. Evercore ISI reaffirmed an "in-line" rating and set a $131.00 target price (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Bank of America decreased their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Wolfe Research lowered shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Fifteen equities research 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 company's stock. According to MarketBeat, Lennar has a consensus 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.