Entropy Technologies LP Sells 9,690 Shares of Lennar Co. (NYSE:LEN)

Entropy Technologies LP reduced its stake in Lennar Co. (NYSE:LEN) by 85.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,691 shares of the construction company’s stock after selling 9,690 shares during the quarter. Entropy Technologies LP’s holdings in Lennar were worth $231,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust bought a new stake in Lennar in the 4th quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in Lennar in the 3rd quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its position in shares of Lennar by 933.3% during the 3rd 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. Finally, GHP Investment Advisors Inc. bought a new position in shares of Lennar in the third quarter valued at approximately $30,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Up 1.8 %

Shares of Lennar stock opened at $123.80 on Friday. The company’s 50-day moving average price is $138.43 and its 200-day moving average price is $163.66. 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 Co. has a 12-month low of $119.25 and a 12-month high of $193.80. The company has a market cap of $32.87 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the business earned $4.82 earnings per share. The firm’s revenue for the quarter 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.62%. Lennar’s payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LEN. Royal Bank of Canada cut their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Bank of America reduced their target price on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $166.06.

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.