Level Four Advisory Services LLC Sells 2,526 Shares of Lennar Co. (NYSE:LEN)

Level Four Advisory Services LLC trimmed its holdings in shares of Lennar Co. (NYSE:LEN) by 37.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,292 shares of the construction company’s stock after selling 2,526 shares during the period. Level Four Advisory Services LLC’s holdings in Lennar were worth $585,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LEN. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% in the fourth 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 period. Crews Bank & Trust bought a new position in shares of Lennar during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Lennar in the 4th quarter valued at about $28,000. ORG Wealth Partners LLC acquired a new position in Lennar during the 4th quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC grew its stake in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Down 3.5 %

Shares of LEN stock opened at $113.83 on Monday. The company has a market capitalization of $30.22 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The business’s fifty day moving average is $124.05 and its 200 day moving average is $150.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of research reports. Royal Bank of Canada lowered their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their price objective on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods dropped their price objective on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. Finally, Citigroup reduced their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lennar presently 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.