Navellier & Associates Inc. Sells 322 Shares of Lennar Co. (NYSE:LEN)

Navellier & Associates Inc. cut its stake in shares of Lennar Co. (NYSE:LEN) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,848 shares of the construction company’s stock after selling 322 shares during the period. Navellier & Associates Inc.’s holdings in Lennar were worth $388,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LEN. Foundations Investment Advisors LLC bought a new position in Lennar during the 3rd quarter valued at $228,000. Private Advisor Group LLC increased its position in shares of Lennar by 17.6% during the 3rd quarter. Private Advisor Group LLC now owns 6,683 shares of the construction company’s stock valued at $1,253,000 after purchasing an additional 998 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Lennar by 13.0% during the 3rd quarter. Ballentine Partners LLC now owns 3,147 shares of the construction company’s stock valued at $590,000 after purchasing an additional 362 shares during the last quarter. Finally, Parcion Private Wealth LLC purchased a new stake in shares of Lennar during the 3rd quarter valued at $217,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup decreased their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price 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. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Bank of America decreased their target price on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lennar currently has a consensus rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Down 1.7 %

Shares of NYSE LEN opened at $120.59 on Monday. Lennar Co. has a 52 week low of $117.90 and a 52 week high of $193.80. The business has a 50-day simple moving average of $133.10 and a two-hundred day simple moving average of $161.03. 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 company has a market cap of $32.02 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) 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 company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the business earned $4.82 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. Research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given 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 1.66%. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Lennar 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.