Montag A & Associates Inc. Sells 9,630 Shares of Lennar Corporation $LEN

Montag A & Associates Inc. reduced its stake in Lennar Corporation (NYSE:LEN) by 95.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 503 shares of the construction company’s stock after selling 9,630 shares during the period. Montag A & Associates Inc.’s holdings in Lennar were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LEN. Guerra Advisors Inc bought a new stake in Lennar in the 3rd quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Lennar in the 3rd quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the 3rd quarter worth about $26,000. High Point Wealth Management LLC bought a new stake in shares of Lennar in the 4th quarter worth about $31,000. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Lennar by 102.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock worth $47,000 after buying an additional 188 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

Shares of NYSE:LEN opened at $86.27 on Wednesday. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.85 and a beta of 1.41. Lennar Corporation has a 12 month low of $83.03 and a 12 month high of $144.24. The firm’s 50-day moving average is $95.11 and its 200 day moving average is $109.96. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 earnings per share. Research analysts predict that Lennar Corporation will post 5.91 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lennar’s payout ratio is 28.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LEN shares. Truist Financial reduced their target price on shares of Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Argus reduced their target price on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Citizens Jmp restated a “market perform” rating on shares of Lennar in a report on Wednesday, January 7th. Seaport Research Partners restated a “sell” rating and issued a $74.00 target price (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. Finally, Evercore reduced their target price on shares of Lennar from $89.00 to $82.00 and set an “underperform” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $99.87.

Lennar Company 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.