Lennar Co. (NYSE:LEN) Position Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Lennar Co. (NYSE:LEN) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,292 shares of the construction company’s stock after selling 3,685 shares during the quarter. Yousif Capital Management LLC’s holdings in Lennar were worth $5,707,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LEN. Annis Gardner Whiting Capital Advisors LLC bought a new position in Lennar during the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. bought a new position in Lennar during the 3rd quarter valued at $28,000. BluePath Capital Management LLC bought a new position in Lennar during the 3rd quarter valued at $29,000. Criterion Capital Advisors LLC bought a new position in Lennar during the 4th quarter valued at $36,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar in the 3rd quarter worth about $56,000. 81.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lennar

In other Lennar news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the purchase, the director now directly owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price target on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. JPMorgan Chase & Co. reduced their price target on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, Royal Bank of Canada reduced their price target on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Moderate Buy” and an average target price of $163.88.

Lennar Stock Performance

Shares of LEN opened at $152.79 on Friday. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The company has a 50-day moving average of $159.50 and a two-hundred day moving average of $143.55. The stock has a market cap of $42.53 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.44 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $2.12 earnings per share. On average, equities research analysts expect that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, April 23rd. Lennar’s dividend payout ratio is currently 14.02%.

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.