Jump Financial LLC Sells 13,761 Shares of Lennar Co. (NYSE:LEN)

Jump Financial LLC decreased its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 78.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,840 shares of the construction company's stock after selling 13,761 shares during the period. Jump Financial LLC's holdings in Lennar were worth $524,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Passumpsic Savings Bank boosted its holdings in Lennar by 3.6% in the third quarter. Passumpsic Savings Bank now owns 12,872 shares of the construction company's stock worth $2,413,000 after acquiring an additional 452 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Lennar by 8.7% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,973 shares of the construction company's stock valued at $370,000 after purchasing an additional 158 shares during the last quarter. World Investment Advisors LLC bought a new stake in Lennar during the 3rd quarter valued at about $251,000. Wilmington Savings Fund Society FSB purchased a new position in Lennar in the third quarter worth about $241,000. Finally, Synovus Financial Corp grew its holdings in shares of Lennar by 1.3% during the third quarter. Synovus Financial Corp now owns 47,348 shares of the construction company's stock valued at $8,877,000 after buying an additional 627 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LEN. The Goldman Sachs Group dropped their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their target price on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Wedbush reiterated a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

NYSE LEN traded down $1.40 on Tuesday, reaching $106.75. The company had a trading volume of 276,491 shares, compared to its average volume of 2,555,871. The firm's 50 day moving average price is $114.19 and its 200 day moving average price is $138.77. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. The stock has a market capitalization of $28.16 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last posted 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 period in the previous year, the business earned $2.57 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

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