Leuthold Group LLC Sells 2,321 Shares of Lennar Co. (NYSE:LEN)

Leuthold Group LLC lessened its holdings in shares of Lennar Co. (NYSE:LEN) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,601 shares of the construction company’s stock after selling 2,321 shares during the quarter. Leuthold Group LLC’s holdings in Lennar were worth $8,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LEN. Oakworth Capital Inc. bought a new position in Lennar in the 3rd quarter worth $27,000. Wolff Wiese Magana LLC raised its stake in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after buying an additional 140 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Lennar in the first quarter worth about $30,000. GHP Investment Advisors Inc. bought a new stake in Lennar during the 3rd quarter valued at approximately $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Lennar during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 0.4 %

Lennar stock opened at $174.00 on Monday. Lennar Co. has a one year low of $103.41 and a one year high of $193.80. The business’s fifty day moving average is $182.08 and its 200 day moving average is $167.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The stock has a market capitalization of $47.20 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.91 earnings per share. On average, sell-side analysts predict that Lennar Co. will post 14.18 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. Lennar’s payout ratio is 13.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James lowered Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank Of America (Bofa) increased their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays boosted their price objective on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $181.11.

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.