Hancock Whitney Corp Has $5.56 Million Holdings in Lennar Co. (NYSE:LEN)

Hancock Whitney Corp reduced its holdings in shares of Lennar Co. (NYSE:LEN) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,796 shares of the construction company’s stock after selling 5,234 shares during the period. Hancock Whitney Corp’s holdings in Lennar were worth $5,563,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LEN. Polianta Ltd bought a new stake in Lennar in the 4th quarter worth about $900,000. Nordea Investment Management AB lifted its position in Lennar by 21.4% during the fourth 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 last quarter. Pacer Advisors Inc. grew 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 acquiring an additional 589,553 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Lennar by 51.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,382 shares of the construction company’s stock worth $3,597,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in Lennar by 25.0% in the fourth quarter. Clear Harbor Asset Management LLC now owns 16,501 shares of the construction company’s stock worth $2,250,000 after buying an additional 3,303 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Down 0.2 %

Shares of NYSE:LEN opened at $107.74 on Thursday. The firm has a market capitalization of $28.42 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The firm’s 50-day moving average is $115.03 and its two-hundred day moving average is $140.82.

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

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, April 23rd. Lennar’s dividend payout ratio is currently 14.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LEN shares. StockNews.com raised Lennar from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Citigroup lowered their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada cut their price target on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research note on Monday, March 24th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, UBS Group decreased their target price on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $150.07.

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.