Leuthold Group LLC Sells 321 Shares of Lennar Co. (NYSE:LEN)

Leuthold Group LLC trimmed its position in Lennar Co. (NYSE:LEN) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 50,395 shares of the construction company’s stock after selling 321 shares during the quarter. Leuthold Group LLC’s holdings in Lennar were worth $8,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in shares of Lennar by 7.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,027 shares of the construction company’s stock valued at $153,000 after buying an additional 69 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Lennar by 1.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,448 shares of the construction company’s stock valued at $663,000 after acquiring an additional 70 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Lennar by 1.7% during the 1st quarter. Nilsine Partners LLC now owns 4,554 shares of the construction company’s stock worth $783,000 after purchasing an additional 75 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Lennar by 0.9% in the 4th quarter. Savant Capital LLC now owns 8,361 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 78 shares during the period. Finally, RFG Advisory LLC grew its holdings in Lennar by 2.1% during the fourth quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock worth $573,000 after purchasing an additional 79 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on LEN. Wedbush upgraded Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price objective on the stock in a research note on Tuesday. Barclays upped their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Finally, Argus increased their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus target price of $166.69.

Lennar Price Performance

Shares of NYSE:LEN traded up $5.43 during midday trading on Friday, reaching $161.26. 2,375,203 shares of the company were exchanged, compared to its average volume of 2,116,352. The stock has a market cap of $44.28 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The business’s fifty day moving average is $154.67 and its two-hundred day moving average is $155.21. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, beating the consensus estimate of $3.20 by $0.18. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. As a group, analysts predict that Lennar Co. will post 14.21 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, July 5th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Lennar’s dividend payout ratio (DPR) is presently 13.60%.

Insiders Place Their Bets

In other Lennar news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the transaction, the executive vice president now owns 128,629 shares in the company, valued at $20,927,938.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lennar news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the transaction, the executive vice president now owns 128,629 shares in the company, valued at approximately $20,927,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Sustana sold 9,176 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the sale, the vice president now owns 16,768 shares in the company, valued at $2,764,707.84. The disclosure for this sale can be found here. Insiders have sold a total of 29,176 shares of company stock valued at $4,841,039 in the last 90 days. 9.36% of the stock is owned by insiders.

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.