Lennar Co. (NYSE:LEN) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lowered its holdings in Lennar Co. (NYSE:LEN) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,750 shares of the construction company’s stock after selling 112 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Lennar were worth $784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its holdings 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 acquiring an additional 75 shares during the period. Crews Bank & Trust acquired a new stake in Lennar in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the fourth quarter valued at $28,000. ORG Wealth Partners LLC acquired a new stake in Lennar in the fourth quarter valued at $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of research analyst reports. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Wedbush restated a “neutral” rating and issued a $158.00 price target on shares of Lennar in a research report on Monday. Wells Fargo & Company dropped their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods cut Lennar from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $152.00 to $141.00 in a research report on Tuesday, March 11th. Finally, Barclays dropped their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lennar presently has an average rating of “Hold” and a consensus target price of $165.53.

Lennar Stock Up 0.8 %

Shares of NYSE:LEN opened at $119.00 on Tuesday. The stock’s 50-day moving average price is $127.21 and its two-hundred day moving average price is $154.87. 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 12-month low of $115.61 and a 12-month high of $187.61. The firm has a market cap of $31.60 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion during 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%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.82 earnings per share. On average, research analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

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.