Atria Investments Inc Sells 1,906 Shares of Lennar Co. (NYSE:LEN)

Atria Investments Inc lessened its stake in shares of Lennar Co. (NYSE:LEN) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,796 shares of the construction company’s stock after selling 1,906 shares during the quarter. Atria Investments Inc’s holdings in Lennar were worth $12,382,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LEN. Armstrong Advisory Group Inc. lifted its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Lennar during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the 4th quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in shares of Lennar during the 4th quarter worth about $32,000. Finally, Wolff Wiese Magana LLC grew its position in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LEN shares. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Keefe, Bruyette & Woods decreased their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Barclays decreased their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $163.88.

Lennar Stock Performance

Shares of Lennar stock opened at $122.16 on Thursday. The company has a market capitalization of $32.44 billion, a PE ratio of 8.52, a PEG ratio of 1.24 and a beta of 1.69. Lennar Co. has a 12 month low of $116.67 and a 12 month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $129.60 and its 200 day simple moving average is $158.33.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business 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%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.82 EPS. On average, research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio 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.