LSV Asset Management Trims Stake in Lennar Co. (NYSE:LEN)

LSV Asset Management trimmed its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 838,704 shares of the construction company's stock after selling 48,293 shares during the quarter. LSV Asset Management owned approximately 0.30% of Lennar worth $125,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. grew its position in Lennar by 7.2% in the fourth quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company's stock valued at $153,000 after acquiring an additional 69 shares during the period. Savant Capital LLC increased its holdings in Lennar by 0.9% in the fourth quarter. Savant Capital LLC now owns 8,361 shares of the construction company's stock valued at $1,246,000 after purchasing an additional 78 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Lennar by 2.1% in the fourth quarter. RFG Advisory LLC now owns 3,847 shares of the construction company's stock worth $573,000 after acquiring an additional 79 shares in the last quarter. FFT Wealth Management LLC increased its holdings in shares of Lennar by 3.3% in the fourth quarter. FFT Wealth Management LLC now owns 2,646 shares of the construction company's stock worth $394,000 after acquiring an additional 85 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Lennar by 2.6% during the third quarter. Merit Financial Group LLC now owns 4,009 shares of the construction company's stock worth $450,000 after buying an additional 101 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The stock was acquired at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now directly owns 11,859 shares of the company's stock, valued at $1,861,863. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.36% of the stock is currently owned by company insiders.

Lennar Trading Up 1.9 %

LEN traded up $2.89 during trading hours on Friday, reaching $158.10. 1,678,221 shares of the company's stock traded hands, compared to its average volume of 2,013,571. The firm has a 50-day moving average price of $159.80 and a 200 day moving average price of $145.36. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $172.59. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $44.01 billion, a PE ratio of 11.08, a PEG ratio of 1.45 and a beta of 1.55.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $7.31 billion during the quarter, compared to analysts' expectations of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 EPS. As a group, sell-side analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Lennar's payout ratio is 14.02%.

Analyst Ratings Changes

LEN has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on Lennar from $175.00 to $183.00 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on shares of Lennar from $165.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. Royal Bank of Canada lowered their price objective on shares of Lennar from $137.00 to $136.00 and set an "underweight" rating for the company in a research note on Thursday, March 14th. Oppenheimer reaffirmed a "market perform" rating on shares of Lennar in a report on Friday, March 15th. Finally, Wedbush reissued an "underperform" rating and issued a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Lennar presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.88.

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.