Lennar Co. (NYSE:LEN) Shares Sold by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. lowered its position in shares of Lennar Co. (NYSE:LEN) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,517 shares of the construction company’s stock after selling 296 shares during the quarter. Glassy Mountain Advisors Inc.’s holdings in Lennar were worth $343,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its stake in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in Lennar in the third quarter valued at $27,000. Wolff Wiese Magana LLC boosted its stake in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Lennar in the third quarter valued at $30,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Down 0.3 %

Shares of Lennar stock opened at $127.11 on Friday. Lennar Co. has a 12-month low of $125.21 and a 12-month high of $193.80. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market cap of $33.75 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67. The company has a 50-day moving average of $143.33 and a two-hundred day moving average of $165.36.

Lennar (NYSE:LEN) last issued its quarterly earnings data 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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the business earned $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, research analysts anticipate that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LEN shares. Bank of America decreased their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Royal Bank of Canada decreased their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research note on Thursday. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Barclays decreased their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $167.19.

Lennar 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.