Tiemann Investment Advisors LLC Decreases Stock Position in Lennar Co. (NYSE:LEN)

Tiemann Investment Advisors LLC decreased its holdings in shares of Lennar Co. (NYSE:LEN) by 8.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,930 shares of the construction company’s stock after selling 175 shares during the period. Tiemann Investment Advisors LLC’s holdings in Lennar were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Daiwa Securities Group Inc. increased its position in shares of Lennar by 6.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 32,154 shares of the construction company’s stock valued at $4,385,000 after acquiring an additional 1,876 shares during the period. Moran Wealth Management LLC increased its holdings in shares of Lennar by 0.9% in the fourth quarter. Moran Wealth Management LLC now owns 55,149 shares of the construction company’s stock valued at $7,521,000 after purchasing an additional 469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lennar by 9.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,095 shares of the construction company’s stock worth $6,831,000 after purchasing an additional 4,448 shares during the period. Ruffer LLP purchased a new stake in Lennar in the fourth quarter valued at approximately $3,221,000. Finally, AlphaQuest LLC increased its holdings in Lennar by 3.9% in the 4th quarter. AlphaQuest LLC now owns 9,226 shares of the construction company’s stock worth $1,258,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LEN shares. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Wells Fargo & Company decreased 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. Barclays dropped their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Bank of America decreased their target price on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $163.88.

Lennar Stock Down 0.7 %

NYSE LEN opened at $125.24 on Monday. The business has a fifty day moving average price of $129.11 and a 200 day moving average price of $157.49. 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 company has a market cap of $33.25 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar Co. has a one year low of $116.67 and a one year high of $187.61.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 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 company earned $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. Research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.60%. Lennar’s payout ratio is 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.