Sentry Investment Management LLC Trims Stock Holdings in Lennar Co. (NYSE:LEN)

Sentry Investment Management LLC trimmed its holdings in Lennar Co. (NYSE:LEN) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 950 shares of the construction company’s stock after selling 155 shares during the quarter. Sentry Investment Management LLC’s holdings in Lennar were worth $130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust purchased a new stake in shares of Lennar in the fourth quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in Lennar during the 4th quarter worth $32,000. Wolff Wiese Magana LLC increased its holdings in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after purchasing an additional 79 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in Lennar during the 3rd quarter worth $39,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on LEN shares. Keefe, Bruyette & Woods reduced their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Citigroup reduced their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group reduced their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Finally, BTIG Research cut Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $163.88.

Lennar Stock Performance

Shares of LEN stock opened at $121.51 on Thursday. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The business has a fifty day moving average of $131.43 and a 200 day moving average of $160.08. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last issued its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm 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%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business earned $4.82 EPS. As a group, research analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.65%. Lennar’s payout ratio is currently 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.