Smead Capital Management Inc. Sells 126,558 Shares of Lennar Corporation $LEN

Smead Capital Management Inc. reduced its holdings in Lennar Corporation (NYSE:LEN) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,822,291 shares of the construction company’s stock after selling 126,558 shares during the period. Lennar comprises 3.9% of Smead Capital Management Inc.’s holdings, making the stock its 9th largest position. Smead Capital Management Inc. owned about 0.71% of Lennar worth $187,332,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LEN. Guerra Advisors Inc purchased a new position in Lennar during the third quarter valued at $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in Lennar during the third quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in Lennar during the third quarter valued at $26,000. High Point Wealth Management LLC purchased a new position in Lennar during the fourth quarter valued at $31,000. Finally, Washington Trust Advisors Inc. lifted its holdings in Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after purchasing an additional 188 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $105.00 to $97.00 and set a “market perform” rating on the stock in a report on Wednesday, April 1st. Argus lowered their price target on Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. The Goldman Sachs Group lowered their price target on Lennar from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. UBS Group lowered their price target on Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Finally, Wells Fargo & Company lowered their price target on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $99.87.

Lennar Stock Performance

Shares of NYSE:LEN opened at $88.86 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The business’s 50 day moving average price is $89.67 and its 200-day moving average price is $106.47. The firm has a market capitalization of $21.95 billion, a PE ratio of 12.77, a P/E/G ratio of 1.96 and a beta of 1.41. Lennar Corporation has a 1 year low of $81.18 and a 1 year high of $144.24.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.90 billion. Lennar had a return on equity of 7.80% and a net margin of 5.39%.The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $2.14 EPS. As a group, equities research analysts expect that Lennar Corporation will post 5.87 earnings per share for the current fiscal year.

Lennar Dividend Announcement

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

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.