Apollon Wealth Management LLC Trims Stake in Lennar Co. (NYSE:LEN)

Apollon Wealth Management LLC decreased its holdings in shares of Lennar Co. (NYSE:LEN) by 11.7% in the fourth quarter, HoldingsChannel reports. The fund owned 11,689 shares of the construction company’s stock after selling 1,547 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lennar were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Moors & Cabot Inc. raised its position in shares of Lennar by 2.2% during the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after purchasing an additional 66 shares during the period. Centaurus Financial Inc. lifted its position in shares of Lennar by 2.5% in the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after acquiring an additional 71 shares in the last quarter. Commerce Bank boosted its stake in shares of Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after acquiring an additional 74 shares during the period. Jupiter Wealth Management LLC raised its stake in Lennar by 1.0% during the 3rd quarter. Jupiter Wealth Management LLC now owns 7,667 shares of the construction company’s stock valued at $1,437,000 after purchasing an additional 75 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Price Performance

Shares of LEN stock opened at $122.61 on Tuesday. The stock has a 50 day moving average price of $141.34 and a 200 day moving average price of $164.66. The firm has a market capitalization of $32.56 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 52-week low of $121.40 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly 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 the consensus estimate of $10.06 billion. During the same quarter in the previous year, the company posted $4.82 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.63%. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Analyst Ratings Changes

LEN has been the topic of several research analyst reports. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their target price on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Barclays dropped their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada decreased their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Wedbush reissued a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Lennar has a consensus rating of “Hold” and an average target price of $167.19.

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.