Lennar Co. (NYSE:LEN) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lowered its holdings in Lennar Co. (NYSE:LEN) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,930 shares of the construction company’s stock after selling 175 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Lennar were worth $263,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Armstrong Advisory Group Inc. raised its holdings in Lennar by 69.4% in the 4th 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. Crews Bank & Trust purchased a new stake in Lennar in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the fourth quarter worth $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the fourth quarter valued at $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Down 0.7 %

Shares of NYSE:LEN opened at $125.24 on Monday. Lennar Co. has a 1-year low of $116.67 and a 1-year high of $187.61. The stock has a market cap of $33.25 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. The firm has a fifty day moving average price of $129.11 and a 200 day moving average price of $157.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.82 earnings per share. Sell-side analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.60%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the subject of several recent research reports. Barclays lowered their price objective 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. BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. UBS Group reduced their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $163.88.

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.