Mutual of America Capital Management LLC Sells 1,156 Shares of Lennar Co. (NYSE:LEN)

Mutual of America Capital Management LLC cut its stake in Lennar Co. (NYSE:LEN) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,624 shares of the construction company’s stock after selling 1,156 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lennar were worth $3,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Lennar by 1.3% in the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock worth $1,106,798,000 after acquiring an additional 73,638 shares during the period. Pacer Advisors Inc. grew its position in Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after buying an additional 589,553 shares during the period. Smead Capital Management Inc. grew its position in Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after buying an additional 89,896 shares during the period. Nordea Investment Management AB grew its position in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after buying an additional 397,492 shares during the period. Finally, Bamco Inc. NY grew its position in Lennar by 2.6% during the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock valued at $133,303,000 after buying an additional 17,834 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LEN shares. Citigroup cut their target price 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. Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $163.88.

Lennar Price Performance

LEN stock opened at $122.16 on Thursday. Lennar Co. has a one year low of $116.67 and a one year high of $187.61. The company’s fifty day moving average price is $129.60 and its 200-day moving average price is $158.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market capitalization of $32.44 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

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

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.