Natixis Advisors LLC Sells 9,684 Shares of Lennar Co. (NYSE:LEN)

Natixis Advisors LLC lowered its holdings in Lennar Co. (NYSE:LEN) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,962 shares of the construction company’s stock after selling 9,684 shares during the quarter. Natixis Advisors LLC’s holdings in Lennar were worth $22,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC increased its position in shares of Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after acquiring an additional 4,363 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Lennar by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 35,744 shares of the construction company’s stock worth $6,701,000 after purchasing an additional 2,320 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Lennar in the third quarter worth approximately $4,797,000. Smead Capital Management Inc. boosted its position in shares of Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after buying an additional 89,896 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Lennar by 626.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 19,654 shares of the construction company’s stock worth $3,685,000 after buying an additional 16,950 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LEN. Bank of America cut their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $152.00 to $141.00 in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lennar currently has a consensus rating of “Hold” and an average price target of $165.53.

Lennar Price Performance

LEN opened at $119.00 on Tuesday. The company has a market capitalization of $31.60 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.69. 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 firm has a 50-day moving average price of $127.21 and a 200-day moving average price of $154.87. Lennar Co. has a twelve month low of $115.61 and a twelve month high of $187.61.

Lennar (NYSE:LEN) last issued its 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 net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the firm earned $4.82 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. Equities analysts expect 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is presently 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.