Transcend Capital Advisors LLC Sells 1,730 Shares of Lennar Co. (NYSE:LEN)

Transcend Capital Advisors LLC lowered its holdings in shares of Lennar Co. (NYSE:LEN) by 41.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,419 shares of the construction company’s stock after selling 1,730 shares during the period. Transcend Capital Advisors LLC’s holdings in Lennar were worth $330,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in Lennar during the third quarter worth about $30,000. Crews Bank & Trust acquired a new stake in Lennar during the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Lennar during the third quarter worth approximately $39,000. Finally, Quarry LP lifted its position in Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LEN. Wedbush restated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. Keefe, Bruyette & Woods cut their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Citigroup cut their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays cut their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Bank of America dropped their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Performance

Shares of NYSE:LEN opened at $120.59 on Monday. The company’s 50 day simple moving average is $133.10 and its 200 day simple moving average is $161.03. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 8.41, 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. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80.

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

Lennar Dividend Announcement

The business also recently announced 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 1.66%. Lennar’s payout ratio is presently 13.95%.

About Lennar

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.