Lennar Co. (NYSE:LEN) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. decreased its position in Lennar Co. (NYSE:LEN) by 14.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,932 shares of the construction company’s stock after selling 512 shares during the quarter. Atomi Financial Group Inc.’s holdings in Lennar were worth $400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Holocene Advisors LP purchased a new stake in Lennar in the 3rd quarter valued at approximately $115,229,000. Nordea Investment Management AB raised its holdings in shares of Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares during the last quarter. KBC Group NV boosted its stake in shares of Lennar by 258.3% during the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock valued at $92,774,000 after acquiring an additional 356,731 shares during the last quarter. International Assets Investment Management LLC raised its stake in Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Finally, Prana Capital Management LP lifted its holdings in Lennar by 68.6% in the 3rd quarter. Prana Capital Management LP now owns 288,661 shares of the construction company’s stock valued at $54,118,000 after purchasing an additional 117,430 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.36% of the company’s stock.

Lennar Stock Performance

NYSE:LEN opened at $132.40 on Friday. Lennar Co. has a 1-year low of $128.41 and a 1-year high of $193.80. The stock has a market cap of $35.91 billion, a P/E ratio of 9.23, a PEG ratio of 1.32 and a beta of 1.66. 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 has a 50-day moving average of $150.33 and a two-hundred day moving average of $166.96.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.82 earnings per share. On average, research analysts expect that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut 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. UBS Group reduced their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada raised Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 price objective for the company in a research report on Friday, January 10th. Wedbush reiterated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $171.50.

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.