American Money Management LLC Has $532,000 Holdings in Lennar Co. (NYSE:LEN)

American Money Management LLC lowered its position in shares of Lennar Co. (NYSE:LEN) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,904 shares of the construction company’s stock after selling 1,137 shares during the quarter. American Money Management LLC’s holdings in Lennar were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Verition Fund Management LLC increased its holdings in Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares in the last quarter. Polianta Ltd bought a new stake in shares of Lennar in the 4th quarter valued at $900,000. Nordea Investment Management AB lifted its position in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after acquiring an additional 397,492 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in Lennar by 71.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company’s stock worth $2,686,000 after acquiring an additional 5,981 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of NYSE LEN opened at $113.83 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 company has a market capitalization of $30.22 billion, a PE ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. The stock’s 50 day moving average price is $124.05 and its 200-day moving average price is $151.13. Lennar Co. has a twelve month low of $111.26 and a twelve month high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 EPS. On average, equities analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LEN. JPMorgan Chase & Co. cut their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Evercore ISI reaffirmed an “in-line” rating and set a $131.00 target price (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Royal Bank of Canada reduced their price target on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research report on Monday, March 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus price target of $151.07.

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.