Mutual of America Capital Management LLC Sells 1,859 Shares of Lennar Co. (NYSE:LEN)

Mutual of America Capital Management LLC trimmed its position in Lennar Co. (NYSE:LEN) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,516 shares of the construction company’s stock after selling 1,859 shares during the period. Mutual of America Capital Management LLC’s holdings in Lennar were worth $4,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Lennar in the third quarter valued at $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Lennar in the third quarter valued at $28,000. BluePath Capital Management LLC acquired a new position in shares of Lennar in the third quarter valued at $29,000. Coppell Advisory Solutions LLC acquired a new position in shares of Lennar in the second quarter valued at $46,000. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Lennar by 34.3% in the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock valued at $56,000 after purchasing an additional 127 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Lennar stock opened at $159.90 on Monday. The business’s 50-day simple moving average is $159.55 and its 200 day simple moving average is $141.31. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.49 and a beta of 1.53. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $172.59. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.12 earnings per share. As a group, research analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is currently 14.02%.

Insiders Place Their Bets

In related news, Director Amy Banse bought 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LEN. Wells Fargo & Company increased their price objective on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods increased their price objective on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group increased their price objective on Lennar from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. Raymond James increased their price objective on Lennar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.88.

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.