Intelligence Driven Advisers LLC Sells 858 Shares of Lennar Co. (NYSE:LEN)

Intelligence Driven Advisers LLC lowered its stake in Lennar Co. (NYSE:LEN) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,580 shares of the construction company’s stock after selling 858 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Lennar were worth $836,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Lennar during the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar during the 3rd quarter valued at $28,000. BluePath Capital Management LLC bought a new stake in Lennar during the 3rd quarter valued at $29,000. Criterion Capital Advisors LLC bought a new stake in Lennar during the 4th quarter valued at $36,000. Finally, NBC Securities Inc. bought a new stake in Lennar during the 3rd quarter valued at $56,000. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Lennar stock traded up $2.30 during midday trading on Thursday, reaching $154.77. The stock had a trading volume of 468,693 shares, compared to its average volume of 2,070,519. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The firm’s 50-day moving average price is $159.70 and its 200 day moving average price is $144.95. The firm has a market capitalization of $43.08 billion, a PE ratio of 10.69, a P/E/G ratio of 1.42 and a beta of 1.55. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, research analysts predict that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, April 23rd. Lennar’s dividend payout ratio is presently 14.02%.

Analyst Ratings Changes

LEN has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a report on Thursday, March 14th. Royal Bank of Canada cut their price objective on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, March 14th. Citigroup lifted their price objective on shares of Lennar from $179.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Lennar has an average rating of “Moderate Buy” and a consensus target price of $163.88.

Insider Activity

In related news, Director Amy Banse purchased 1,575 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now directly owns 11,859 shares in the company, valued at approximately $1,861,863. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.36% of the company’s stock.

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.