Delphi Management Inc. MA Sells 89 Shares of Lennar Co. (NYSE:LEN)

Delphi Management Inc. MA trimmed its holdings in shares of Lennar Co. (NYSE:LEN) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,529 shares of the construction company’s stock after selling 89 shares during the period. Delphi Management Inc. MA’s holdings in Lennar were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Moors & Cabot Inc. raised its stake 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 worth $577,000 after purchasing an additional 66 shares during the period. Centaurus Financial Inc. raised its stake in shares of Lennar by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock worth $551,000 after purchasing an additional 71 shares during the period. Commerce Bank raised its stake in shares of Lennar by 0.5% during the 3rd quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after purchasing an additional 74 shares during the period. Armstrong Advisory Group Inc. increased 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 acquiring an additional 75 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after acquiring an additional 79 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LEN. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $152.00 to $141.00 in a report on Tuesday, March 11th. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Royal Bank of Canada decreased their price objective on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Finally, Bank of America decreased their price objective on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $165.53.

Lennar Stock Up 0.8 %

Shares of NYSE LEN opened at $119.00 on Tuesday. Lennar Co. has a 12 month low of $115.61 and a 12 month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.24 and a beta of 1.69. The business has a 50-day moving average of $127.21 and a 200-day moving average of $154.87.

Lennar (NYSE:LEN) last issued its quarterly earnings data 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 return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the firm posted $4.82 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. Sell-side analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. Lennar’s payout ratio is 13.95%.

Lennar 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.