Vest Financial LLC Sells 36,055 Shares of Lennar Corporation $LEN

Vest Financial LLC lowered its position in shares of Lennar Corporation (NYSE:LEN) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,297 shares of the construction company’s stock after selling 36,055 shares during the period. Vest Financial LLC’s holdings in Lennar were worth $32,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LEN. Lazard Asset Management LLC increased its position in Lennar by 7.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company’s stock worth $141,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC increased its position in Lennar by 5.2% during the third quarter. ORG Wealth Partners LLC now owns 2,072 shares of the construction company’s stock worth $261,000 after acquiring an additional 102 shares during the period. Harbor Investment Advisory LLC raised its stake in Lennar by 39.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock worth $51,000 after purchasing an additional 115 shares in the last quarter. Brighton Jones LLC boosted its holdings in Lennar by 6.1% in the 2nd quarter. Brighton Jones LLC now owns 2,049 shares of the construction company’s stock valued at $227,000 after purchasing an additional 118 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of Lennar by 1.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 6,430 shares of the construction company’s stock worth $711,000 after purchasing an additional 120 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Price Performance

Shares of NYSE:LEN opened at $117.06 on Wednesday. The firm has a 50 day simple moving average of $116.68 and a 200 day simple moving average of $121.80. The company has a market cap of $29.85 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.53 and a beta of 1.42. Lennar Corporation has a one year low of $98.42 and a one year high of $144.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the company posted $4.03 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. Research analysts predict that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LEN. BTIG Research set a $90.00 price target on Lennar in a research report on Thursday, December 18th. JPMorgan Chase & Co. decreased their price target on Lennar from $115.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, December 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $125.00 target price on shares of Lennar in a report on Tuesday, January 13th. UBS Group downgraded shares of Lennar from a “buy” rating to a “neutral” rating and cut their price target for the stock from $137.00 to $122.00 in a report on Tuesday, January 6th. Finally, Barclays decreased their price objective on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Reduce” and a consensus price target of $106.38.

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.