Valeo Financial Advisors LLC Has $1.19 Million Stake in Lennar Co. (NYSE:LEN)

Valeo Financial Advisors LLC reduced its holdings in Lennar Co. (NYSE:LEN) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,746 shares of the construction company’s stock after selling 292 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Lennar were worth $1,193,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sovran Advisors LLC bought a new position in shares of Lennar in the 4th quarter worth $409,000. Sapient Capital LLC boosted its holdings in Lennar by 1.2% during the fourth quarter. Sapient Capital LLC now owns 108,084 shares of the construction company’s stock worth $14,739,000 after buying an additional 1,261 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of Lennar during the 4th quarter worth about $240,000. Stiles Financial Services Inc increased its stake in shares of Lennar by 11.8% in the 4th quarter. Stiles Financial Services Inc now owns 7,847 shares of the construction company’s stock valued at $1,070,000 after acquiring an additional 827 shares during the last quarter. Finally, Tevis Investment Management boosted its stake in Lennar by 38.1% during the 4th quarter. Tevis Investment Management now owns 4,914 shares of the construction company’s stock worth $670,000 after acquiring an additional 1,355 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

NYSE:LEN opened at $123.85 on Friday. The stock has a market capitalization of $32.88 billion, a PE ratio of 8.64, a P/E/G ratio of 1.28 and a beta of 1.67. 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 firm has a fifty day simple moving average of $136.81 and a 200 day simple moving average of $163.00. Lennar Co. has a 1-year low of $119.25 and a 1-year high of $193.80.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the firm earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts expect that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LEN. Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. UBS Group decreased their target price on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Barclays decreased their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has a consensus rating of “Hold” and an average target price of $166.06.

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.