Sippican Capital Advisors Sells 255 Shares of Lennar Co. (NYSE:LEN)

Sippican Capital Advisors cut its holdings in shares of Lennar Co. (NYSE:LENFree Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,126 shares of the construction company’s stock after selling 255 shares during the quarter. Lennar makes up 1.7% of Sippican Capital Advisors’ portfolio, making the stock its 16th largest position. Sippican Capital Advisors’ holdings in Lennar were worth $2,335,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Moors & Cabot Inc. raised its position in Lennar by 2.2% during the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock worth $577,000 after acquiring an additional 66 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Lennar by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after purchasing an additional 71 shares during the period. Commerce Bank grew its holdings in Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after purchasing an additional 74 shares during the period. Jupiter Wealth Management LLC increased its position in Lennar by 1.0% during the third quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock worth $1,437,000 after buying an additional 75 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised 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 buying an additional 75 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price target for the company in a report on Friday, January 10th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Barclays lowered their price target on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company decreased their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, Citigroup dropped their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.38.

Read Our Latest Report on LEN

Lennar Stock Performance

Shares of Lennar stock opened at $132.11 on Thursday. The company has a 50 day moving average of $148.35 and a 200-day moving average of $166.92. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $128.41 and a 1-year high of $193.80. The company has a market cap of $35.83 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LENGet Free Report) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $10.06 billion. During the same period in the previous year, the firm posted $4.82 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders 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 1.51%. Lennar’s payout ratio is presently 13.95%.

Lennar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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