Schechter Investment Advisors LLC Sells 1,160 Shares of Lennar Co. (NYSE:LEN)

Schechter Investment Advisors LLC decreased its position in Lennar Co. (NYSE:LEN) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,298 shares of the construction company’s stock after selling 1,160 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Lennar were worth $586,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of Lennar in the 4th quarter valued at approximately $25,000. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Lennar during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Lennar during the third quarter valued at approximately $39,000. Finally, Quarry LP grew its holdings in Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.9 %

Shares of NYSE LEN opened at $118.97 on Wednesday. The stock has a market cap of $31.59 billion, a PE ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.67. The business has a fifty day moving average of $129.92 and a two-hundred day moving average of $158.59. Lennar Co. has a 52-week low of $116.67 and a 52-week high of $187.61. 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 issued its quarterly earnings data 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). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.82 earnings per share. As a group, equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. Lennar’s payout ratio is presently 13.95%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wedbush reiterated a “neutral” rating and set a $164.00 price target on shares of Lennar in a report on Thursday, December 19th. Citigroup lowered their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.