Atria Investments Inc Has $12.38 Million Stake in Lennar Co. (NYSE:LEN)

Atria Investments Inc decreased its stake in Lennar Co. (NYSE:LEN) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 90,796 shares of the construction company’s stock after selling 1,906 shares during the quarter. Atria Investments Inc’s holdings in Lennar were worth $12,382,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Armstrong Advisory Group Inc. grew its holdings in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Lennar in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Lennar in the 4th quarter valued at about $28,000. ORG Wealth Partners LLC bought a new position in shares of Lennar in the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Lennar by 51.0% in the 4th 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 in the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Royal Bank of Canada reduced their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Finally, Barclays reduced their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $163.88.

Lennar Stock Up 2.9 %

NYSE LEN opened at $122.16 on Thursday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $116.67 and a 1-year high of $187.61. The company has a 50 day moving average of $129.60 and a 200-day moving average of $158.33. The company has a market cap of $32.44 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 in the previous year, the firm posted $4.82 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.64%. Lennar’s dividend payout ratio is currently 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.