Turtle Creek Wealth Advisors LLC Has $4.59 Million Holdings in Lennar Co. (NYSE:LEN)

Turtle Creek Wealth Advisors LLC lessened its stake in Lennar Co. (NYSE:LEN) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,684 shares of the construction company’s stock after selling 5,215 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Lennar were worth $4,593,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Smead Capital Management Inc. raised its position in Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the last quarter. Verition Fund Management LLC raised its position in Lennar by 147.6% in the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd bought a new position in Lennar in the 4th quarter worth approximately $900,000. Finally, OneDigital Investment Advisors LLC raised its position in Lennar by 101.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Up 2.3 %

Lennar stock opened at $135.22 on Friday. The firm has a 50-day moving average of $146.97 and a 200-day moving average of $166.46. Lennar Co. has a one year low of $128.41 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company has a market cap of $36.68 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 1.33 and a beta of 1.66.

Lennar (NYSE:LEN) last posted its quarterly earnings data 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 business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the company earned $4.82 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts expect that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.48%. Lennar’s payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on LEN shares. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Citigroup dropped their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price for the company in a research report on Friday, January 10th. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, Barclays dropped their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lennar currently has an average rating of “Hold” and an average target price of $167.50.

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.