Twin Capital Management Inc. Sells 2,300 Shares of Lennar Co. (NYSE:LEN)

Twin Capital Management Inc. reduced its position in Lennar Co. (NYSE:LEN) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,220 shares of the construction company’s stock after selling 2,300 shares during the quarter. Twin Capital Management Inc.’s holdings in Lennar were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LEN. Armstrong Advisory Group Inc. raised its stake in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust bought a new stake in Lennar in the fourth quarter worth $25,000. Hurley Capital LLC purchased a new position in shares of Lennar in the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the 4th quarter worth about $28,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Lennar during the 4th quarter valued at about $32,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Barclays decreased their price target on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, March 24th. UBS Group dropped their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wedbush reiterated a “neutral” rating and issued a $158.00 target price on shares of Lennar in a report on Monday, March 17th. Finally, 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. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $151.07.

Lennar Trading Up 2.3 %

Shares of Lennar stock opened at $110.87 on Monday. The company has a market cap of $29.44 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. Lennar Co. has a fifty-two week low of $104.94 and a fifty-two week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a 50-day simple moving average of $121.78 and a two-hundred day simple moving average of $148.35.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $2.57 earnings per share. As a group, equities analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. 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.