Lennar Corporation $LEN Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Lennar Corporation (NYSE:LEN) by 12.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 138,290 shares of the construction company’s stock after selling 20,529 shares during the period. Natixis Advisors LLC owned approximately 0.05% of Lennar worth $17,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Neo Ivy Capital Management purchased a new position in shares of Lennar in the 3rd quarter valued at $109,000. One Wealth Capital Management LLC boosted its position 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 purchasing an additional 119 shares during the period. Perennial Investment Advisors LLC increased its holdings in Lennar by 4.6% in the 3rd quarter. Perennial Investment Advisors LLC now owns 2,932 shares of the construction company’s stock valued at $370,000 after purchasing an additional 128 shares in the last quarter. Montag A & Associates Inc. raised its position in Lennar by 1,914.5% in the third quarter. Montag A & Associates Inc. now owns 10,133 shares of the construction company’s stock valued at $1,277,000 after purchasing an additional 9,630 shares during the period. Finally, Insigneo Advisory Services LLC lifted its stake in shares of Lennar by 10.3% during the third quarter. Insigneo Advisory Services LLC now owns 2,739 shares of the construction company’s stock worth $345,000 after purchasing an additional 256 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LEN. Barclays lowered their target price on Lennar from $98.00 to $88.00 and set an “underweight” rating for the company in a research note on Thursday, December 18th. Zacks Research cut Lennar from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Bank of America reaffirmed an “underperform” rating and issued a $95.00 price objective (down from $125.00) on shares of Lennar in a research report on Thursday, December 18th. Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research report on Friday, January 9th. Finally, Truist Financial began coverage on shares of Lennar in a research note on Wednesday, March 4th. They issued a “hold” rating and a $110.00 target price for the company. One 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’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $106.14.

Lennar Price Performance

Shares of NYSE LEN opened at $96.46 on Thursday. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. Lennar Corporation has a fifty-two week low of $96.33 and a fifty-two week high of $144.24. The business has a 50 day moving average price of $112.91 and a two-hundred day moving average price of $120.19. The firm has a market cap of $23.82 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.43.

Lennar (NYSE:LEN) last announced its earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company earned $4.03 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, February 4th. Lennar’s dividend payout ratio is 25.03%.

About Lennar

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.