Personal CFO Solutions LLC Cuts Holdings in Lennar Co. (NYSE:LEN)

Personal CFO Solutions LLC trimmed its holdings in shares of Lennar Co. (NYSE:LEN) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,087 shares of the construction company’s stock after selling 564 shares during the period. Personal CFO Solutions LLC’s holdings in Lennar were worth $1,103,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in shares of Lennar by 2.2% in 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 during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after buying an additional 71 shares during the last quarter. Commerce Bank boosted its stake in shares of Lennar by 0.5% in the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after buying an additional 74 shares during the last quarter. Jupiter Wealth Management LLC boosted its stake 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 worth $1,437,000 after buying an additional 75 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake 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 buying an additional 75 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Price Performance

NYSE:LEN opened at $125.24 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. The business’s 50-day simple moving average is $129.11 and its two-hundred day simple moving average is $157.65. The stock has a market cap of $33.25 billion, a PE ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar Co. has a 52 week low of $116.67 and a 52 week high of $187.61.

Lennar (NYSE:LEN) last issued its 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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the firm posted $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lowered their target price on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Citigroup lowered their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to 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.