B. Metzler seel. Sohn & Co. AG Has $4.59 Million Position in Lennar Co. (NYSE:LEN)

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of Lennar Co. (NYSE:LEN) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,650 shares of the construction company’s stock after selling 5,542 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Lennar were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in shares of Lennar by 69.4% during 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 in the last quarter. Crews Bank & Trust bought a new position in Lennar during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC acquired a new position in shares of Lennar during the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LEN. Wedbush reissued a “neutral” rating and set a $158.00 target price on shares of Lennar in a research report on Monday, March 17th. Citigroup lowered 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. Barclays reduced their target price on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 24th. Bank of America dropped their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Evercore ISI restated an “in-line” rating and set a $131.00 price target (down from $159.00) on shares of Lennar in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and an average price target of $151.07.

Lennar Stock Up 0.8 %

LEN opened at $114.79 on Tuesday. The company has a market capitalization of $30.48 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.24 and a beta of 1.69. 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 firm’s fifty day moving average price is $123.51 and its two-hundred day moving average price is $150.47. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.57 earnings per share. On average, analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.74%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

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.