Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Lennar Co. (NYSE:LEN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Lennar Co. (NYSE:LEN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,778 shares of the construction company’s stock after selling 1,838 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lennar were worth $6,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of LEN. Holocene Advisors LP bought a new stake in shares of Lennar in the 3rd quarter worth $115,229,000. Pacer Advisors Inc. increased its holdings in Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after buying an additional 589,553 shares in the last quarter. Nordea Investment Management AB raised its position in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after buying an additional 397,492 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Lennar by 2,774.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock valued at $16,793,000 after acquiring an additional 118,858 shares during the last quarter. Finally, Prana Capital Management LP grew its stake in shares of Lennar by 68.6% in the third quarter. Prana Capital Management LP now owns 288,661 shares of the construction company’s stock worth $54,118,000 after acquiring an additional 117,430 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LEN. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Keefe, Bruyette & Woods cut shares of Lennar from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $152.00 to $141.00 in a report on Tuesday, March 11th. Barclays dropped their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Citigroup dropped their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada dropped their target price 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. Fourteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lennar has a consensus rating of “Hold” and an average price target of $164.53.

Lennar Trading Down 4.1 %

Shares of LEN stock opened at $115.09 on Friday. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market capitalization of $30.56 billion, a PE ratio of 8.03, a PEG ratio of 1.24 and a beta of 1.69. The stock has a fifty day simple moving average of $126.09 and a two-hundred day simple moving average of $153.31.

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

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date of this dividend 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 presently 13.95%.

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.