Orion Portfolio Solutions LLC Has $2.89 Million Position in Lennar Co. (NYSE:LEN)

Orion Portfolio Solutions LLC cut its stake in Lennar Co. (NYSE:LEN) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,217 shares of the construction company’s stock after selling 500 shares during the period. Orion Portfolio Solutions LLC’s holdings in Lennar were worth $2,893,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bamco Inc. NY grew its stake in Lennar by 2.6% during the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock worth $133,303,000 after buying an additional 17,834 shares in the last quarter. Community Bank N.A. boosted its position in shares of Lennar by 14.6% during the 3rd quarter. Community Bank N.A. now owns 4,465 shares of the construction company’s stock worth $837,000 after acquiring an additional 570 shares in the last quarter. Holocene Advisors LP bought a new position in Lennar in the third quarter valued at approximately $115,229,000. Hilltop Holdings Inc. acquired a new position in Lennar during the third quarter valued at approximately $533,000. Finally, HighVista Strategies LLC bought a new stake in Lennar during the third quarter worth $1,444,000. 81.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LEN. Bank of America dropped their price objective on Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Wedbush restated a “neutral” rating and issued a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods dropped their price target on Lennar from $141.00 to $128.00 and set a “market perform” rating for the company in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $151.07.

Lennar Stock Up 0.8 %

Lennar stock opened at $114.79 on Tuesday. The firm has a 50 day moving average price of $123.51 and a two-hundred day moving average price of $150.47. 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 Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The firm has a market cap of $30.48 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.24 and a beta of 1.69.

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

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 1.74%. Lennar’s payout ratio is currently 14.57%.

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.