Brighton Jones LLC Sells 237 Shares of Lennar Co. (NYSE:LEN)

Brighton Jones LLC lowered its holdings in shares of Lennar Co. (NYSE:LEN) by 14.9% in the third quarter, HoldingsChannel reports. The firm owned 1,350 shares of the construction company’s stock after selling 237 shares during the period. Brighton Jones LLC’s holdings in Lennar were worth $253,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lakewood Asset Management LLC increased its holdings in shares of Lennar by 0.8% during the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after acquiring an additional 70 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Lennar by 1.5% in the second quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock valued at $730,000 after purchasing an additional 73 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Lennar by 5.7% in the second quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock valued at $207,000 after purchasing an additional 74 shares during the period. Quotient Wealth Partners LLC lifted its stake in shares of Lennar by 5.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock worth $231,000 after buying an additional 74 shares during the last quarter. Finally, BBR Partners LLC grew its stake in Lennar by 3.4% in the 2nd quarter. BBR Partners LLC now owns 2,427 shares of the construction company’s stock valued at $364,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Lennar from $154.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. The Goldman Sachs Group downgraded Lennar from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $174.00 in a research note on Monday, July 22nd. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Royal Bank of Canada boosted their target price on shares of Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research report on Monday, September 23rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $144.00 price target on shares of Lennar in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $181.11.

Lennar Trading Down 1.5 %

Shares of LEN stock opened at $173.28 on Friday. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $193.80. The stock’s fifty day moving average price is $182.08 and its two-hundred day moving average price is $167.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The company has a market cap of $47.00 billion, a PE ratio of 11.48, a P/E/G ratio of 1.62 and a beta of 1.61.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $3.91 earnings per share. Equities analysts predict that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio is 13.25%.

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.