Lennar Corporation $LEN Position Reduced by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in Lennar Corporation (NYSE:LEN) by 17.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 43,678 shares of the construction company’s stock after selling 9,348 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Lennar were worth $5,505,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in Lennar in the third quarter worth about $109,000. One Wealth Capital Management LLC lifted its holdings in Lennar by 6.4% during the 3rd quarter. One Wealth Capital Management LLC now owns 1,972 shares of the construction company’s stock worth $249,000 after buying an additional 119 shares during the last quarter. Perennial Investment Advisors LLC grew its position in shares of Lennar by 4.6% in the 3rd quarter. Perennial Investment Advisors LLC now owns 2,932 shares of the construction company’s stock worth $370,000 after acquiring an additional 128 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Lennar by 1,914.5% in the 3rd quarter. Montag A & Associates Inc. now owns 10,133 shares of the construction company’s stock valued at $1,277,000 after acquiring an additional 9,630 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its position in shares of Lennar by 10.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 2,739 shares of the construction company’s stock valued at $345,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN opened at $101.43 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $144.24. The firm has a fifty day moving average of $113.21 and a 200-day moving average of $120.83. The company has a market cap of $25.05 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.27). The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. Lennar had a net margin of 6.08% and a return on equity of 9.27%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.03 earnings per share. As a group, equities analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Lennar’s payout ratio is currently 25.03%.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a report on Thursday, January 22nd. Evercore downgraded shares of Lennar from an “in-line” rating to an “underperform” rating and reduced their price target for the stock from $114.00 to $92.00 in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. Bank of America reiterated an “underperform” rating and set a $95.00 price objective (down from $125.00) on shares of Lennar in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group cut their target price on shares of Lennar from $125.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $106.14.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.