Dynasty Wealth Management LLC Lowers Holdings in Lennar Co. (NYSE:LEN)

Dynasty Wealth Management LLC reduced its position in shares of Lennar Co. (NYSE:LEN) by 72.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,031 shares of the construction company’s stock after selling 5,425 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Lennar were worth $277,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LEN. Holocene Advisors LP bought a new stake in shares of Lennar during the third quarter valued at approximately $115,229,000. Pacer Advisors Inc. increased its holdings in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares during the last quarter. KBC Group NV lifted its holdings in shares of Lennar by 258.3% during the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock valued at $92,774,000 after purchasing an additional 356,731 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Lennar by 2,774.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock valued at $16,793,000 after buying an additional 118,858 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on LEN shares. Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, UBS Group cut their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $163.88.

Lennar Stock Performance

LEN opened at $119.63 on Friday. The company has a 50 day simple moving average of $130.70 and a two-hundred day simple moving average of $159.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a market cap of $31.76 billion, a P/E ratio of 8.34, a PEG ratio of 1.24 and a beta of 1.67. Lennar Co. has a 1-year low of $117.90 and a 1-year high of $193.80.

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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the previous year, the company posted $4.82 EPS. The company’s quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.67%. Lennar’s dividend payout ratio is presently 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.