Prudential Financial Inc. Has $30.37 Million Stake in Lennar Co. (NYSE:LEN)

Prudential Financial Inc. lessened its holdings in shares of Lennar Co. (NYSE:LEN) by 29.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,668 shares of the construction company’s stock after selling 93,555 shares during the period. Prudential Financial Inc.’s holdings in Lennar were worth $30,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Armstrong Advisory Group Inc. boosted 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 valued at $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust acquired a new position in Lennar in the 4th quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in Lennar during the 4th quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 51.0% in the fourth 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. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE LEN opened at $117.81 on Wednesday. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The stock has a market cap of $31.28 billion, a PE ratio of 8.22, a P/E/G ratio of 1.24 and a beta of 1.69. The firm has a 50-day moving average of $125.47 and a 200-day moving average of $152.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.70%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

Analyst Ratings Changes

Several equities research analysts have commented on LEN shares. Keefe, Bruyette & Woods cut their target price on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. UBS Group lowered their price target on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday. Barclays decreased their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $151.07.

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.