TCW Group Inc. Reduces Stake in Lennar Co. (NYSE:LEN)

TCW Group Inc. lowered its holdings in Lennar Co. (NYSE:LEN) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 556,420 shares of the construction company’s stock after selling 7,993 shares during the period. TCW Group Inc. owned approximately 0.21% of Lennar worth $75,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LEN. Foundations Investment Advisors LLC bought a new stake in shares of Lennar in the third quarter valued at approximately $228,000. Sequoia Financial Advisors LLC raised its position in shares of Lennar by 10.3% in the third quarter. Sequoia Financial Advisors LLC now owns 4,890 shares of the construction company’s stock valued at $917,000 after purchasing an additional 456 shares during the period. Private Advisor Group LLC raised its position in shares of Lennar by 17.6% in the third quarter. Private Advisor Group LLC now owns 6,683 shares of the construction company’s stock valued at $1,253,000 after purchasing an additional 998 shares during the period. International Assets Investment Management LLC raised its position in shares of Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the period. Finally, DT Investment Partners LLC raised its position in shares of Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock valued at $35,000 after purchasing an additional 157 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LEN. Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. UBS Group lowered their target price on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. lowered their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, Barclays lowered their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Lennar presently has a consensus rating of “Hold” and an average target price of $163.88.

Lennar Stock Performance

Lennar stock opened at $120.59 on Friday. The stock has a market cap of $32.02 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The firm’s fifty day moving average price is $133.10 and its 200-day moving average price is $161.07. Lennar Co. has a fifty-two week low of $117.90 and a fifty-two week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.82 EPS. On average, equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

Lennar 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.