Lodestone Wealth Management LLC Sells 1,576 Shares of Lennar Co. (NYSE:LEN)

Lodestone Wealth Management LLC lessened its stake in shares of Lennar Co. (NYSE:LEN) by 7.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,357 shares of the construction company’s stock after selling 1,576 shares during the period. Lennar accounts for 1.4% of Lodestone Wealth Management LLC’s holdings, making the stock its 23rd largest position. Lodestone Wealth Management LLC’s holdings in Lennar were worth $2,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. bought a new position in shares of Lennar during the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its position in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new position in shares of Lennar during the 3rd quarter worth approximately $30,000. Asset Dedication LLC lifted its position in shares of Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares during the period. Finally, Crews Bank & Trust bought a new position in Lennar in the 4th quarter valued at $25,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.1 %

Shares of Lennar stock opened at $123.85 on Friday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $119.25 and a 12 month high of $193.80. The business has a fifty day simple moving average of $137.60 and a 200 day simple moving average of $163.38. The stock has a market cap of $32.88 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the firm posted $4.82 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. Research analysts predict that Lennar Co. will post 12.52 EPS for the current year.

Lennar Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LEN. Bank of America cut their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Barclays cut 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. Royal Bank of Canada cut their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.