Mount Yale Investment Advisors LLC Cuts Stock Position in Lennar Co. (NYSE:LEN)

Mount Yale Investment Advisors LLC trimmed its stake in Lennar Co. (NYSE:LEN) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,771 shares of the construction company’s stock after selling 199 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lennar were worth $378,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Center For Asset Management LLC lifted its stake in shares of Lennar by 3.2% in the fourth quarter. Center For Asset Management LLC now owns 3,350 shares of the construction company’s stock worth $457,000 after buying an additional 104 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Lennar by 3.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,860 shares of the construction company’s stock valued at $5,572,000 after buying an additional 1,182 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Lennar by 21.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,985 shares of the construction company’s stock worth $271,000 after acquiring an additional 356 shares during the last quarter. Finally, CX Institutional lifted its position in Lennar by 5.2% in the 4th quarter. CX Institutional now owns 10,758 shares of the construction company’s stock valued at $1,467,000 after acquiring an additional 529 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

Shares of LEN opened at $132.11 on Thursday. Lennar Co. has a 12 month low of $128.41 and a 12 month high of $193.80. The company’s fifty day moving average is $148.35 and its 200-day moving average is $166.92. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.82 earnings per share. Equities analysts expect that Lennar Co. will post 13.02 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group decreased their price target on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada raised shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price target on the stock in a report on Friday, January 10th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wedbush reiterated a “neutral” rating and issued a $164.00 price target on shares of Lennar in a research report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their target price on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lennar has an average rating of “Hold” and an average target price of $168.38.

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.