Sherbrooke Park Advisers LLC Trims Stake in Lennar Co. (NYSE:LEN)

Sherbrooke Park Advisers LLC decreased its holdings in Lennar Co. (NYSE:LEN - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,266 shares of the construction company's stock after selling 8,290 shares during the period. Sherbrooke Park Advisers LLC's holdings in Lennar were worth $854,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Lennar in the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. boosted its stake in Lennar by 69.4% during the fourth 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 last quarter. Hurley Capital LLC bought a new position in Lennar during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in Lennar during the fourth quarter valued at approximately $28,000. Finally, Itau Unibanco Holding S.A. boosted its stake in Lennar by 611.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 299 shares of the construction company's stock valued at $41,000 after buying an additional 257 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LEN. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Evercore ISI reissued an "in-line" rating and set a $131.00 price target (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Bank of America dropped their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group decreased 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. Fifteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lennar has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Trading Down 0.7%

Shares of NYSE LEN traded down $0.80 during midday trading on Monday, hitting $111.06. The company's stock had a trading volume of 2,427,703 shares, compared to its average volume of 2,615,099. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $110.70 and its two-hundred day moving average is $132.06. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The firm has a market cap of $29.30 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results 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. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same period in the prior year, the business posted $2.57 earnings per share. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.80%. Lennar's payout ratio is currently 14.57%.

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.