Savant Capital LLC Has $1.25 Million Position in Lennar Co. (NYSE:LEN)

Savant Capital LLC cut its holdings in shares of Lennar Co. (NYSE:LEN) by 52.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,181 shares of the construction company’s stock after selling 9,928 shares during the period. Savant Capital LLC’s holdings in Lennar were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Exchange Traded Concepts LLC purchased a new stake in Lennar in the 3rd quarter worth about $305,000. Swedbank AB boosted its position in Lennar by 5.4% during the third quarter. Swedbank AB now owns 164,709 shares of the construction company’s stock worth $30,880,000 after purchasing an additional 8,405 shares during the period. Asset Dedication LLC raised its position in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in Lennar by 23.9% in the 3rd quarter. Patton Fund Management Inc. now owns 33,619 shares of the construction company’s stock worth $6,303,000 after buying an additional 6,487 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LEN. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company dropped their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada decreased their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $166.06.

Lennar Stock Up 1.8 %

LEN opened at $123.80 on Friday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $138.43 and its 200 day simple moving average is $163.66. Lennar Co. has a 52 week low of $119.25 and a 52 week high of $193.80. The stock has a market cap of $32.87 billion, a PE ratio of 8.63, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.82 earnings per share. As a group, research analysts expect that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. Lennar’s dividend payout ratio (DPR) is 13.95%.

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.