Lennar Co. (NYSE:LEN) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its holdings in Lennar Co. (NYSE:LEN) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,774 shares of the construction company’s stock after selling 2,769 shares during the quarter. CWA Asset Management Group LLC’s holdings in Lennar were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new position in Lennar during the third quarter worth $27,000. Wolff Wiese Magana LLC raised its stake in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Lennar during the 3rd quarter worth about $30,000. Asset Dedication LLC grew its holdings in shares of Lennar by 4,225.0% during the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, DT Investment Partners LLC raised its position in shares of Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after buying an additional 157 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Down 0.7 %

Shares of NYSE:LEN opened at $134.97 on Tuesday. The company has a market capitalization of $36.61 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. The company has a 50 day moving average of $159.47 and a two-hundred day moving average of $168.30. Lennar Co. has a 52-week low of $133.72 and a 52-week high of $193.80. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly 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). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $4.82 EPS. As a group, analysts forecast that Lennar Co. will post 14.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

LEN has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Keefe, Bruyette & Woods dropped their target price on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada decreased their price target on Lennar from $160.00 to $130.00 and set an “underperform” rating on the stock in a research note on Friday, December 20th. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Finally, Bank Of America (Bofa) raised their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lennar currently has a consensus rating of “Hold” and an average target price of $172.31.

Insider Activity at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the transaction, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.36% of the stock is currently owned by company insiders.

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.