Opinicus Capital Inc. Sells 146 Shares of Lennar Co. (NYSE:LEN)

Opinicus Capital Inc. decreased its position in Lennar Co. (NYSE:LEN) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,436 shares of the construction company’s stock after selling 146 shares during the period. Opinicus Capital Inc.’s holdings in Lennar were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LEN. Mather Group LLC. increased its holdings in Lennar by 12.2% in the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock worth $215,000 after acquiring an additional 125 shares during the last quarter. Daymark Wealth Partners LLC raised its position in shares of Lennar by 23.3% in the third quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company’s stock valued at $377,000 after purchasing an additional 379 shares during the period. Wedmont Private Capital boosted its holdings in Lennar by 6.7% in the 3rd quarter. Wedmont Private Capital now owns 4,239 shares of the construction company’s stock worth $771,000 after buying an additional 268 shares during the period. JGP Wealth Management LLC raised its holdings in Lennar by 0.3% during the 3rd quarter. JGP Wealth Management LLC now owns 78,062 shares of the construction company’s stock valued at $14,635,000 after acquiring an additional 202 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Lennar by 32.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,382 shares of the construction company’s stock worth $3,257,000 after acquiring an additional 4,264 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada decreased their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Lennar has an average rating of “Hold” and an average target price of $167.19.

Lennar Stock Down 4.2 %

Shares of NYSE LEN opened at $121.95 on Friday. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.28 and a beta of 1.67. The firm’s fifty day moving average is $142.39 and its 200 day moving average is $165.10. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52 week low of $121.40 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 business’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.82 earnings per share. On average, equities research analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.64%. Lennar’s dividend payout ratio is currently 13.95%.

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.