Lennar Co. (NYSE:LEN) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in Lennar Co. (NYSE:LEN) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,331 shares of the construction company’s stock after selling 143 shares during the quarter. Sentry Investment Management LLC’s holdings in Lennar were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Lennar in the third quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Lennar in the third quarter valued at approximately $28,000. BluePath Capital Management LLC acquired a new stake in shares of Lennar in the third quarter valued at approximately $29,000. Coppell Advisory Solutions LLC bought a new position in shares of Lennar in the second quarter valued at approximately $46,000. Finally, NBC Securities Inc. bought a new position in shares of Lennar in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Lennar from $179.00 to $198.00 and gave the company a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Wells Fargo & Company increased their price objective on shares of Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Raymond James increased their price objective on shares of Lennar from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Finally, Oppenheimer restated a “market perform” rating on shares of Lennar in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Lennar has an average rating of “Moderate Buy” and an average price target of $163.88.

Lennar Stock Down 2.3 %

Shares of NYSE:LEN opened at $152.55 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The company has a market cap of $42.46 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.53. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $172.59. The firm has a 50 day simple moving average of $159.66 and a 200 day simple moving average of $141.89.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, research analysts expect that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. Lennar’s payout ratio is 14.02%.

Insiders Place Their Bets

In other Lennar news, Director Amy Banse purchased 1,575 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.36% of the company’s stock.

About Lennar

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.