Lennar Co. (NYSE:LEN) Stock Holdings Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its stake in shares of Lennar Co. (NYSE:LEN) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,673 shares of the construction company’s stock after selling 107 shares during the period. Ameritas Investment Partners Inc.’s holdings in Lennar were worth $460,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LEN. Integrated Advisors Network LLC increased its holdings in shares of Lennar by 177.3% in the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock valued at $4,659,000 after acquiring an additional 19,985 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Lennar by 331.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock worth $2,069,000 after purchasing an additional 9,246 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in shares of Lennar in the 4th quarter worth about $838,000. Coastline Trust Co boosted its holdings in shares of Lennar by 80.8% in the 4th quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock valued at $3,654,000 after buying an additional 10,957 shares during the period. Finally, Norden Group LLC acquired a new stake in Lennar during the first quarter worth about $5,592,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Down 1.3 %

NYSE LEN traded down $2.24 on Wednesday, hitting $170.41. 1,683,787 shares of the company were exchanged, compared to its average volume of 2,146,682. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $177.79. The company’s 50 day moving average price is $155.76 and its 200-day moving average price is $156.44. The firm has a market capitalization of $46.79 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91.

Lennar (NYSE:LEN) last issued its earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Analysts predict that Lennar Co. will post 14.24 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, July 5th. Lennar’s dividend payout ratio (DPR) is currently 13.60%.

Analysts Set New Price Targets

Several equities analysts have recently commented on LEN shares. The Goldman Sachs Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $180.00 to $174.00 in a research report on Monday. Royal Bank of Canada reissued an “underperform” rating and issued a $145.00 price target on shares of Lennar in a research note on Thursday, June 20th. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Raymond James cut shares of Lennar from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 2nd. Finally, StockNews.com upgraded shares of Lennar from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $167.88.

Insider Activity

In related news, VP Mark Sustana sold 9,176 shares of Lennar stock in a transaction on 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 of the company’s stock, valued at $2,764,707.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Mark Sustana sold 9,176 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the sale, the vice president now owns 16,768 shares of the company’s stock, valued at approximately $2,764,707.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the sale, the executive vice president now directly owns 128,629 shares of the company’s stock, valued at $20,927,938.30. The disclosure for this sale can be found here. Insiders have sold a total of 29,176 shares of company stock worth $4,841,039 in the last ninety days. Corporate insiders own 9.36% of the company’s stock.

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.