Crestwood Advisors Group LLC Has $1.32 Million Holdings in Lennar Co. (NYSE:LEN)

Crestwood Advisors Group LLC reduced its stake in shares of Lennar Co. (NYSE:LEN) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,696 shares of the construction company’s stock after selling 87 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Lennar were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Lennar by 1.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock valued at $1,106,798,000 after buying an additional 73,638 shares during the period. Pacer Advisors Inc. increased its position in Lennar by 22.0% in the fourth 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 during the period. Smead Capital Management Inc. raised its holdings in Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the last quarter. Nordea Investment Management AB lifted its position in 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 purchasing an additional 397,492 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Lennar by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock valued at $133,303,000 after purchasing an additional 17,834 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LEN. Royal Bank of Canada cut their price objective on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. UBS Group decreased their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wedbush reissued a “neutral” rating and issued a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. Finally, 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. 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 company. According to data from MarketBeat, Lennar currently has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Down 0.7 %

NYSE:LEN opened at $119.79 on Tuesday. The company has a market cap of $31.81 billion, a PE ratio of 8.35, a PEG ratio of 1.24 and a beta of 1.67. The stock has a 50-day simple moving average of $132.46 and a 200 day simple moving average of $160.68. 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 $117.90 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings data 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 net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the business earned $4.82 earnings per share. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is 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.