Metis Global Partners LLC Sells 449 Shares of Lennar Co. (NYSE:LEN)

Metis Global Partners LLC lessened its position in shares of Lennar Co. (NYSE:LEN) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,854 shares of the construction company’s stock after selling 449 shares during the period. Metis Global Partners LLC’s holdings in Lennar were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of Lennar during the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of Lennar during the third quarter worth approximately $39,000. Quarry LP boosted its holdings in shares of Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after acquiring an additional 134 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Lennar during the fourth quarter worth approximately $32,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE LEN opened at $117.84 on Tuesday. The firm’s fifty day moving average price is $130.30 and its two-hundred day moving average price is $158.96. The stock has a market cap of $31.29 billion, a PE ratio of 8.22, a PEG ratio of 1.24 and a beta of 1.67. Lennar Co. has a fifty-two week low of $117.50 and a fifty-two 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 posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 return on equity of 13.93% and a net margin of 11.10%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.82 EPS. On average, equities analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.70%. Lennar’s payout ratio is presently 13.95%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Barclays dropped their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup dropped their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Lennar currently has a consensus 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.