Personal CFO Solutions LLC Sells 564 Shares of Lennar Co. (NYSE:LEN)

Personal CFO Solutions LLC reduced its position in Lennar Co. (NYSE:LEN) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,087 shares of the construction company’s stock after selling 564 shares during the quarter. Personal CFO Solutions LLC’s holdings in Lennar were worth $1,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp boosted its holdings in shares of Lennar by 3.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 31,908 shares of the construction company’s stock worth $4,351,000 after purchasing an additional 939 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Lennar by 10.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 3,318 shares of the construction company’s stock worth $452,000 after purchasing an additional 322 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Lennar in the 4th quarter worth about $1,091,000. Banco Santander S.A. purchased a new position in shares of Lennar in the 4th quarter worth about $206,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Lennar in the 4th quarter worth about $206,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Stock Down 0.7 %

Shares of NYSE:LEN opened at $125.24 on Friday. Lennar Co. has a 52-week low of $116.67 and a 52-week high of $187.61. The firm has a market capitalization of $33.25 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. The stock has a 50 day moving average price of $129.11 and a 200-day moving average price of $157.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the company posted $4.82 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LEN shares. Citigroup cut their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays dropped their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.88.

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.