Gulf International Bank UK Ltd Trims Stock Position in Lennar Co. (NYSE:LEN)

Gulf International Bank UK Ltd lowered its position in Lennar Co. (NYSE:LEN) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,579 shares of the construction company’s stock after selling 237 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Lennar were worth $2,397,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Moors & Cabot Inc. grew its position in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after buying an additional 66 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after acquiring an additional 71 shares during the period. Commerce Bank grew its holdings in Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after acquiring an additional 74 shares in the last quarter. Jupiter Wealth Management LLC raised its holdings in shares of Lennar by 1.0% in the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock valued at $1,437,000 after purchasing an additional 75 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LEN shares. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Bank of America cut their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. UBS Group cut their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus price target of $163.88.

Lennar Price Performance

NYSE LEN opened at $119.63 on Friday. The stock’s fifty day moving average price is $130.70 and its 200 day moving average price is $159.47. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company has a market cap of $31.76 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $4.82 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders 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 dividend yield of 1.67%. Lennar’s payout ratio is currently 13.95%.

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.