Lennar Co. (NYSE:LEN) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its holdings in Lennar Co. (NYSE:LEN) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,654 shares of the construction company’s stock after selling 440 shares during the period. KCM Investment Advisors LLC’s holdings in Lennar were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LEN. Armstrong Advisory Group Inc. lifted its stake in 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 in the last quarter. Crews Bank & Trust purchased a new position in Lennar during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Lennar during the fourth quarter worth $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after acquiring an additional 79 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE:LEN opened at $110.87 on Friday. The company has a market cap of $29.44 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. 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 52 week low of $106.20 and a 52 week high of $187.61. The company has a fifty day simple moving average of $121.78 and a two-hundred day simple moving average of $148.63.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the prior year, the business earned $2.57 EPS. Lennar’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Wedbush reaffirmed a “neutral” rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Keefe, Bruyette & Woods lowered their price target on Lennar from $141.00 to $128.00 and set a “market perform” rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $151.07.

About Lennar

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.