Lennar Co. (NYSE:LEN) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. raised its position in Lennar Co. (NYSE:LEN) by 115.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,827 shares of the construction company’s stock after acquiring an additional 6,877 shares during the period. New England Research & Management Inc.’s holdings in Lennar were worth $1,749,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. lifted its stake in shares of 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 purchasing an additional 75 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Lennar in the third quarter valued at about $27,000. Wolff Wiese Magana LLC lifted its stake in shares of 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 purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. acquired a new stake in shares of Lennar in the third quarter valued at about $30,000. Finally, Asset Dedication LLC lifted its stake in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Down 2.9 %

Shares of LEN stock opened at $132.11 on Thursday. The stock has a market cap of $35.83 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a fifty-two week low of $128.41 and a fifty-two week high of $193.80. The firm’s 50 day moving average price is $148.35 and its two-hundred day moving average price is $166.92.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $4.82 earnings per share. On average, analysts anticipate that Lennar Co. will post 13.02 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. Lennar’s payout ratio is currently 13.95%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Bank of America reduced their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Barclays dropped their target price on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada upgraded shares of Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus price target of $168.38.

Lennar Company 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.