KCM Investment Advisors LLC Sells 440 Shares of Lennar Co. (NYSE:LEN)

KCM Investment Advisors LLC trimmed its position in Lennar Co. (NYSE:LEN) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,654 shares of the construction company’s stock after selling 440 shares during the period. KCM Investment Advisors LLC’s holdings in Lennar were worth $1,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. grew its stake 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 increased its holdings in shares of Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares in the last quarter. Howard Capital Management Inc. raised its position 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 valued at $3,932,000 after purchasing an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock worth $584,000 after purchasing an additional 87 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Lennar by 1.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 92 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

NYSE LEN opened at $110.87 on Friday. The stock has a market capitalization of $29.44 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a twelve month low of $106.20 and a twelve month high of $187.61. The stock has a 50-day moving average of $121.78 and a 200 day moving average of $148.63. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 EPS. Sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 14.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LEN shares. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI reissued an “in-line” rating and issued a $131.00 price objective (down from $159.00) on shares of Lennar in a report on Monday, March 24th. Royal Bank of Canada decreased their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a report on Monday, March 24th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.07.

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.