Freemont Management S.A. Cuts Position in Lennar Corporation $LEN

Freemont Management S.A. decreased its position in Lennar Corporation (NYSE:LEN) by 50.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the construction company’s stock after selling 15,000 shares during the period. Freemont Management S.A.’s holdings in Lennar were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LEN. Guerra Advisors Inc bought a new stake in shares of Lennar in the third quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Lennar during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Lennar in the 3rd quarter worth about $25,000. High Point Wealth Management LLC bought a new stake in Lennar in the 4th quarter valued at about $31,000. Finally, Washington Trust Advisors Inc. lifted its holdings in Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after purchasing an additional 188 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Truist Financial dropped their target price on Lennar from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Zacks Research upgraded Lennar from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Keefe, Bruyette & Woods cut their target price on Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a research note on Wednesday, April 1st. Finally, Argus decreased their price target on Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $99.87.

Lennar Stock Performance

Lennar stock opened at $85.01 on Thursday. The firm’s 50 day simple moving average is $92.00 and its 200 day simple moving average is $108.33. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $21.00 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. Lennar Corporation has a 1-year low of $83.03 and a 1-year high of $144.24.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.90 billion. Lennar had a return on equity of 7.80% and a net margin of 5.39%.The business’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the company posted $2.14 EPS. As a group, analysts expect that Lennar Corporation will post 5.87 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lennar’s dividend payout ratio is 28.74%.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.