Delphi Management Inc. MA Sells 89 Shares of Lennar Co. (NYSE:LEN)

Delphi Management Inc. MA decreased its position in Lennar Co. (NYSE:LEN) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,529 shares of the construction company’s stock after selling 89 shares during the quarter. Delphi Management Inc. MA’s holdings in Lennar were worth $1,163,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smead Capital Management Inc. lifted its position in Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares during the last quarter. Verition Fund Management LLC lifted its position in Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd bought a new stake in Lennar in the fourth quarter valued at approximately $900,000. OneDigital Investment Advisors LLC lifted its position in Lennar by 101.2% in the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after purchasing an additional 4,363 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Lennar by 21.4% in 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. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of several recent research reports. Bank of America lowered their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group reduced their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays reduced their target price on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reduced their target price on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, Wedbush reissued a “neutral” rating and set a $158.00 target price on shares of Lennar in a research note on Monday. Fourteen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lennar currently has an average rating of “Hold” and a consensus target price of $165.53.

Lennar Trading Up 0.8 %

NYSE LEN opened at $119.00 on Tuesday. Lennar Co. has a 12 month low of $115.61 and a 12 month high of $187.61. The stock has a market cap of $31.60 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.24 and a beta of 1.69. The stock’s fifty day moving average price is $127.21 and its 200-day moving average price is $154.87. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released 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 return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the prior year, the company posted $4.82 earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. As a group, equities analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders 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 dividend yield of 1.68%. Lennar’s dividend payout ratio is currently 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.