Colonial River Investments LLC Grows Holdings in Lennar Co. (NYSE:LEN)

Colonial River Investments LLC grew its stake in Lennar Co. (NYSE:LEN) by 15.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,956 shares of the construction company’s stock after acquiring an additional 265 shares during the period. Colonial River Investments LLC’s holdings in Lennar were worth $267,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LEN. GHP Investment Advisors Inc. acquired a new stake in Lennar during the 3rd quarter worth approximately $30,000. Crews Bank & Trust acquired a new stake in Lennar during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its holdings in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Lennar during the 3rd quarter worth approximately $39,000. Finally, Quarry LP lifted its holdings in Lennar by 136.7% during the 3rd quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Down 0.7 %

LEN stock opened at $119.79 on Tuesday. Lennar Co. has a one year low of $117.90 and a one year high of $193.80. The stock has a market capitalization of $31.81 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a fifty day moving average of $132.46 and a 200-day moving average of $160.68.

Lennar (NYSE:LEN) last released its earnings results 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 return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same quarter last year, the business posted $4.82 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Ratings Changes

A number of equities research analysts have commented on LEN shares. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Barclays dropped their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. UBS Group dropped their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $163.88.

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.