Yousif Capital Management LLC Sells 3,685 Shares of Lennar Co. (NYSE:LEN)

Yousif Capital Management LLC reduced its stake in Lennar Co. (NYSE:LEN) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,292 shares of the construction company’s stock after selling 3,685 shares during the quarter. Yousif Capital Management LLC’s holdings in Lennar were worth $5,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in Lennar by 97.5% in the 3rd quarter. IFP Advisors Inc now owns 547 shares of the construction company’s stock worth $61,000 after buying an additional 270 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Lennar by 6.1% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,359 shares of the construction company’s stock worth $265,000 after buying an additional 136 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Lennar by 78,996.2% during the third quarter. Exchange Traded Concepts LLC now owns 20,565 shares of the construction company’s stock valued at $2,308,000 after purchasing an additional 20,539 shares in the last quarter. Caprock Group LLC grew its position in shares of Lennar by 6.1% during the third quarter. Caprock Group LLC now owns 5,227 shares of the construction company’s stock valued at $587,000 after purchasing an additional 300 shares in the last quarter. Finally, Coronation Fund Managers Ltd. grew its position in shares of Lennar by 11.9% during the third quarter. Coronation Fund Managers Ltd. now owns 52,168 shares of the construction company’s stock valued at $5,855,000 after purchasing an additional 5,531 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

Lennar stock opened at $152.79 on Friday. The company has a 50 day moving average price of $159.50 and a 200-day moving average price of $143.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59. The company has a market capitalization of $42.53 billion, a PE ratio of 10.71, a P/E/G ratio of 1.44 and a beta of 1.53.

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

Lennar Dividend Announcement

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

Insider Buying and Selling

In other news, Director Amy Banse purchased 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were acquired at an average cost of $157.00 per share, with a total value of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 9.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LEN has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Royal Bank of Canada dropped their price target on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. Wedbush reiterated an “underperform” rating and issued a $144.00 price target on shares of Lennar in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their price target on Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Finally, UBS Group lifted their price target on Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

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.