Checchi Capital Advisers LLC Sells 411 Shares of Lennar Co. (NYSE:LEN)

Checchi Capital Advisers LLC decreased its stake in shares of Lennar Co. (NYSE:LEN) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,527 shares of the construction company’s stock after selling 411 shares during the period. Checchi Capital Advisers LLC’s holdings in Lennar were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. raised its position in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Lennar during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Lennar during the 4th quarter valued at $32,000. Wolff Wiese Magana LLC boosted its holdings in Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after buying an additional 79 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Lennar during the 3rd quarter worth approximately $39,000. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

LEN stock opened at $120.34 on Friday. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $31.95 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.24 and a beta of 1.67. The company’s 50-day moving average price is $131.07 and its two-hundred day moving average price is $159.81. Lennar Co. has a 12 month low of $117.90 and a 12 month high of $193.80.

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

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. 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 dividend payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several recent analyst reports. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. The Goldman Sachs Group decreased their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $163.88.

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.