Bristlecone Advisors LLC Has $236,000 Stock Holdings in Lennar Co. (NYSE:LEN)

Bristlecone Advisors LLC lowered its stake in Lennar Co. (NYSE:LEN) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,730 shares of the construction company’s stock after selling 150 shares during the period. Bristlecone Advisors LLC’s holdings in Lennar were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in 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 in the last quarter. Crews Bank & Trust acquired a new stake in Lennar in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in Lennar in the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC boosted its position in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Lennar in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LEN shares. UBS Group dropped their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Barclays dropped their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $167.19.

Lennar Stock Up 0.6 %

Shares of NYSE LEN opened at $122.61 on Tuesday. The stock has a market capitalization of $32.56 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67. The company has a 50-day moving average price of $141.34 and a 200-day moving average price of $164.66. Lennar Co. has a 1 year low of $121.40 and a 1 year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.82 earnings per share. On average, equities research analysts forecast that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

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.