Independent Advisor Alliance Sells 14,411 Shares of Lennar Corporation $LEN

Independent Advisor Alliance decreased its holdings in Lennar Corporation (NYSE:LEN) by 85.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,521 shares of the construction company’s stock after selling 14,411 shares during the period. Independent Advisor Alliance’s holdings in Lennar were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LEN. Guerra Advisors Inc bought a new stake in Lennar in the third quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Lennar in the third quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in shares of Lennar in the fourth quarter valued at approximately $31,000. Finally, Washington Trust Advisors Inc. grew its position in shares of Lennar by 102.7% in 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. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Zacks Research raised Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays decreased their target price on Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 8th. Citigroup decreased their target price on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Finally, Weiss Ratings downgraded Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $99.87.

Lennar Trading Up 1.9%

Shares of NYSE:LEN opened at $83.85 on Tuesday. The company has a market capitalization of $20.71 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.82 and a beta of 1.41. Lennar Corporation has a 1 year low of $82.06 and a 1 year high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The business’s 50 day simple moving average is $90.64 and its 200 day simple moving average is $107.39.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.90 billion. Lennar had a return on equity of 7.80% and a net margin of 5.39%.The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 EPS. On average, research analysts anticipate that Lennar Corporation will post 5.87 EPS for the current fiscal year.

Lennar Dividend Announcement

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