Hudson Valley Investment Advisors Inc. ADV Reduces Position in Lennar Co. (NYSE:LEN)

Hudson Valley Investment Advisors Inc. ADV trimmed its position in Lennar Co. (NYSE:LEN) by 76.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,240 shares of the construction company’s stock after selling 33,584 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lennar were worth $1,396,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after acquiring an additional 149,812 shares during the period. Smead Capital Management Inc. increased its holdings in Lennar by 3.5% in 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 in the last quarter. Verition Fund Management LLC boosted its stake in shares of Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after acquiring an additional 41,264 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after acquiring an additional 4,363 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Lennar by 8.7% in the third quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock valued at $19,022,000 after buying an additional 8,092 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. JMP Securities lifted their target price on shares of Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th. Royal Bank of Canada dropped their price target on shares of Lennar from $160.00 to $130.00 and set an “underperform” rating for the company in a research note on Friday, December 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $164.00 price objective on shares of Lennar in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $171.50.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of Lennar stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the transaction, the director now owns 23,689 shares in the company, valued at approximately $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.36% of the stock is currently owned by corporate insiders.

Lennar Stock Performance

Shares of Lennar stock opened at $133.52 on Friday. The stock has a market capitalization of $36.22 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The business has a 50-day moving average of $157.23 and a 200 day moving average of $167.69. Lennar Co. has a 12 month low of $130.91 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last posted its quarterly earnings data 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 net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the business posted $4.82 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lennar Co. will post 14.11 earnings per share for the current year.

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.